AUD to USD May Revisit Year-to-Date High of 0.6625
Current movements in the Australian Dollar (AUD) suggest a consolidation range between 0.6560 and 0.6605. Notably, the upward momentum appears to be improving rapidly, likely positioning the AUD for a return to the year-to-date peak at 0.6625. UOB Group analysts Quek Ser Leang and Peter Chia advise traders to remain vigilant as this upward trend develops. Market fluctuations indicate that opportunities for profit may arise in this favorable trading environment.