AUD/USD Outlook: Downward Momentum Begins to Fade
The Australian Dollar (AUD) may experience a rise, yet any such advance is likely to remain within the 0.6155-0.6265 range. Over the long term, analysts from UOB Group note that the downward pressure has significantly diminished. The AUD is forecasted to trade within a range of 0.6080 to 0.6310 moving forward.