AUD USD Expected to Test Key Resistance at 0.6390
The Australian Dollar is forecasted to trade in a narrow range against the US Dollar, estimated between 0.6270 and 0.6350. Analysts from UOB Group predict a potential upward bias for the AUD, allowing it to test the critical resistance level at 0.6390. This prospect hinges on broader market conditions and economic signals that could drive further gains for the Australian Dollar. As traders watch this pair closely, understanding the factors influencing both currencies will be essential in decision-making processes.