AUD/USD Faces Resistance as Momentum Builds
Analysts from UOB Group indicate that while the Australian Dollar (AUD) may rise further against the US Dollar (USD), any advance is unlikely to breach the key resistance level at 0.6555. In the longer term, trading is expected to remain within a narrow band of 0.6470 to 0.6555.
This information provides valuable insights for traders looking at potential movements within this currency pair.