AUD/USD Expected to Fluctuate Between 0.6430 and 0.6485
Australian Dollar (AUD) remains in a tight range against the US Dollar (USD). Analysts from UOB Group predict that AUD/USD will likely trade between 0.6430 and 0.6485. Current momentum does not suggest a continuation of declines. Longer-term forecasts indicate a lower likelihood of AUD reaching 0.6550 as upward momentum appears to stall. Traders should prepare for potential range trading strategies over the coming days.