AUD/USD Expected to Reach 0.6510 Before Stabilizing
The Australian Dollar shows potential for a rise, inching towards 0.6510 before stabilizing. Recent analysis by UOB Group reveals that although the sharp rise seems excessive, further gains could be possible in the long term. They suggest that the AUD may eventually aim for the strong resistance level at 0.6540. As traders watch for movement, key technical indicators suggest that the currency pair may test these levels soon. Keep an eye on updates as market conditions evolve.