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Posted by
Two Blokes May 28 -
Filed in
Forex
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3 views
Australian Dollar (AUD) does not appear to have enough momentum to continue to decline vs US Dollar (USD); it is more likely to trade in a range of 0.6430/0.6485. In the longer run, the loss in upward momentum indicates the likelihood of AUD reaching 0.6550 is low, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
