AUD/USD Trading Range Forecast: Key Levels Identified
The Australian Dollar (AUD) is projected to trade within a defined range against the US Dollar (USD), likely fluctuating between 0.6490 and 0.6535. UOB Group analysts suggest an upward bias remains intact; however, the AUD must break clearly above 0.6555 for further bullish momentum. Traders will need to remain vigilant about these key levels, as market conditions evolve. Keeping an eye on potential breakthroughs in this range will be essential for formulating effective trading strategies. Understanding these dynamics can better prepare traders to respond to the fluctuating currency landscape, ensuring well-informed decision-making.