AUD/USD Likely to Maintain Range as Downward Momentum Eases
The Australian Dollar (AUD) shows signs of stabilizing, currently expected to trade within a range of 0.6440 to 0.6500. UOB Group’s FX analysts suggest that for further declines to 0.6400 to occur, the AUD must break below and hold under 0.6440. Traders will need to assess market dynamics as the pair navigates these levels. Upcoming data may provide further clarity on the potential movement of the AUD.
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