AUD/USD: Enters in a range-trading phase between 0.6430 and 0.6550 – UOB Group

  • Non-directional price movements for now; AUD is likely to trade between 0.6475 and 0.6540. 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.