AUD/USD Likely to Fluctuate Within 0.6490 to 0.6535 Range
Market analysts expect the Australian Dollar (AUD) to trade between 0.6490 and 0.6535 for the time being. They note that if the AUD drops below the 0.6470 mark, it could signal a lack of further recovery possibilities. The UOB Group’s forex strategists are monitoring these levels and the broader market sentiment closely, as they assess the future direction of the AUD. Understanding these trading ranges helps traders make more informed decisions in the current market conditions.