The Australian dollar (AUD) is under slight downward pressure; It could go down to 0.6395. In the long term, the perspective is mixed; The Aud is likely to be negotiated in a range between 0.6370 and 0.6480, the FX analysts of UOB Group, to be Leang and Peter Chia.
Perspective for aud/USD is mixed
24-hour perspective: “We expected the Aud to be negotiated in a range between 0.6415 and 0.6465 yesterday. The Aud then rose to 0.6459, went down to 0.6408 and closed in a soft note at 0.6409 (-0.44%). Give 0.6370 is unlikely to be threatened.
Perspective 1-3 weeks: “Our most recent narrative was two days ago (May 21, for 0.6425) where ‘the recent irregular prices action has resulted in a mixed perspective.’ ‘ We maintain the opinion that the Aud ‘is likely to be negotiated in a range between 0.6370 and 0.6480 for the moment.’ There are no changes in our vision. “
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
