AUD/USD: Outlook remains mixed in the near term – UOB – by pabspiovano AUDUSD Currencies Majors Banks
should maintain the side-lined trading unchanged for the time being.24-hour view: “Last Friday, we expected AUD to trade sideways between 0.6700 and 0.6770. Our view was incorrect as AUD dropped to 0.6678. Downward momentum appears to be building and AUD is likely to trade with a downward bias today. However, any decline is likely to face strong support at 0.6660. The major support at 0.6620 is unlikely to come under threat. On the upside, a break of 0.
for AUD is mixed. For the time being, there is no clear direction and AUD could trade in a relatively broad range of 0.6620/0.6785.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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