The Australian Dollar, known as AUD, appears poised to trade within a constrained range of 0.5945 to 0.6110 versus the US Dollar. Despite the possibility for further declines in the long run, UOB Group’s FX analysts, Quek Ser Leang and Peter Chia, highlight that current conditions, which show signs of being oversold, make it uncertain whether the AUD will reach the next critical support at 0.5870. As traders assess market dynamics, the expected range will provide opportunities for both buying and selling.