The Australian Dollar (AUD) is currently under slight downward pressure against the US Dollar (USD). Analysts from UOB Group, Quek Ser Leang and Peter Chia, noted that while the AUD may drift lower, it is unlikely to dip below the 0.6305 mark, with another support level set at 0.6325. The market sentiments reveal that the momentum is decreasing, indicating a potential sideways trading range for the AUD. A breach of the 0.6305 support suggests the possibility of further stabilization rather than a downward trend. Investors should keep an eye on broader economic developments that may influence the AUD’s trajectory moving forward.