- Analytics
- News and Tools
- Market News
- AUD/USD: Expected to trade in 0.6355/0.6400 range – UOB Group
AUD/USD: Expected to trade in 0.6355/0.6400 range – UOB Group
Australian Dollar (AUD) is expected to trade in 0.6355/0.6400 range. In the longer run, AUD could advance further, potentially reaching 0.6455, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
AUD can advance further, potentially reaching 0.6455
24-HOUR VIEW: "When AUD was at 0.6400 last Friday, we indicated that 'there is room for AUD to advance to 0.6425 before levelling off'. We also indicated that 'the major resistance at 0.6455 is likely out of reach for now.' AUD rose less than expected, pulling back after reaching 0.6409. The pullback appears corrective, and AUD is unlikely to weaken much further. Today, we expect AUD to trade in a 0.6355/0.6400 range."
1-3 WEEKS VIEW: "We have held a positive AUD view since early this month. Tracking the advance, we highlighted last Friday (21 Feb, spot at 0.6400) that AUD 'could advance further, potentially reaching 0.6455.' While upward momentum has eased somewhat with the pullback to 0.6352, only a breach of 0.6345 would suggest that AUD is not ready to advance to 0.6455."
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
