Australian Dollar Set to Stabilize Between 0.6420 and 0.6470 Against US Dollar
The Australian Dollar is on track to consolidate within the range of 0.6420 to 0.6470 against the US Dollar. Analysts at UOB Group, including Quek Ser Leang and Peter Chia, predict that in the longer term, the AUD is expected to trade within a broader range of 0.6380 to 0.6485. Market participants eagerly anticipate this stabilization, which may offer trading opportunities.