The Australian dollar (Aud) is expected to operate in a lateral range of 0.6465/0.6515 against the US dollar (USD). In the long term, current price movements are probably part of a negotiation phase in a wide range between 0.6385 and 0.6555, the FX analysts of UOB Group point out, to be Leang and Peter Chia.
Current price movements are probably part of a wide range
24 -hour vision: “When the AU was at 0.6470 yesterday, we indicated that ‘although it is overcapted, the progress in the audience could try 0.6505 before stabilizing.’ We add, ‘the main resistance is not expected at 0.6555 to enter into play.’ Subsequently, the audience rose to 0.6519 before closing at 0.6490 (+0.47%).
Vision to 1-3 weeks: “It has not changed much since our update yesterday (June 24, Spot in 0.6470). As highlighted, current price movements are probably part of a negotiation phase in a wide range, probably between 0.6385 and 0.6555. Looking forward, if recent volatility decreases, then we could reduce the expected range.”
Source: Fx Street
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