The Australian Dollar (AUD) is forecasted to trade within a range between 0.6250 and 0.6310. As momentum builds, analysts from UOB Group have noted that there is a risk of fading momentum. If the currency breaks below 0.6230, it may signify a period of range-bound trading. This insight into AUD is vital for traders to navigate carefully through the upcoming sessions, ensuring strategic positioning within the forex markets.