The Australian dollar (AUD) is under slight downward pressure against the US dollar (USD); It can go down a little, but it is unlikely to reach 0.6515. In the long term, the Aud will probably continue to negotiate in a range of 0.6515/0.6615, the FX analysts of UOB Group, quek being Leang and Peter Chia.
The audience will probably not reach 0.6515
24 -hour vision: “Yesterday, we expected the Aud ‘to negotiate between 0.6545 and 0.6595.’ The AUD was negotiated in a narrower range than expected (0.6543/0.6588), closing in a soft note in 0.6545 (-0.44%). low pressure has decreased. “
Vision at 1-3 weeks: “Our most recent narrative was last Friday (July 11, price upwards at 0.6565), in which we point out that ‘although current price movements are probably part of a negotiation phase in the range, the firm underlying tone suggests that the AU could be negotiated in a higher range of 0.6515/0.6615 from here.’ While our expected range remains intact, the underlying tone has softened.
Source: Fx Street

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