Analysts at UOB Group foresee the Australian Dollar (AUD) maintaining a consolidative stance, fluctuating between 0.6635 and 0.6675 in the near term.
24-Hour View:
Following a brief dip to 0.6627, AUD rebounded to 0.6668 without a notable increase in momentum. Despite this recovery, analysts anticipate AUD to predominantly consolidate between 0.6635 and 0.6675, suggesting a stable trading pattern.
1-3 Weeks View:
The broader outlook indicates AUD is currently in a phase of range-bound trading. With current conditions aligned, analysts project AUD to oscillate within the boundaries of 0.6600 and 0.6685 in the immediate to short term.
This analysis reflects UOB Group’s assessment of AUD’s likely trajectory amid prevailing market conditions.
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