AUD/USD: Expected to trade in a range – UOB Group

  • Australian Dollar (AUD) is expected to trade in a range against US Dollar (USD), likely between 0.6490 and 0.6535. In the longer run, bias remains on the upside, but it remains to be seen if AUD can break clearly above 0.6555, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.