AUD/USD is close to testing 0.6540 – UOB Group

  • Australian Dollar (AUD) could first test 0.6515 against the US Dollar (USD) before the risk of a pullback increases. In the longer run, price action suggests AUD could continue to rise and test the significant resistance level at 0.6540, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.