AUD/USD Expected to Trade Higher Between 0.6245 and 0.6385
The Australian Dollar (AUD) shows potential for further advancement against the US Dollar (USD). However, there seems to be insufficient momentum to challenge the upper resistance at 0.6385, with another resistance threshold at 0.6365. UOB Group analysts suggest that the AUD is likely to trade within a higher range of 0.6245 and 0.6385.
As market conditions evolve, traders should remain attuned to any shifts that might allow the AUD to gather strength. Continuous observation of economic fundamentals across both Australia and the US will shed light on the potential trajectory of AUD/USD in the days ahead.
Consider staying engaged with the developments within this trade pair for potential opportunities that might arise as the range unfolds.