AUD/USD: Major support at 0.6430 is unlikely to come under threat – UOB Group

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  Posted by Two Blokes Jun 13 - Filed in Forex - 1 view
  
  There is scope for Australian Dollar (AUD) to decline to 0.6460 against US Dollar (USD); the major support at 0.6430 is unlikely to come under threat. In the longer run, AUD appears to have moved into a range-trading phase between 0.6430 and 0.6550, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.