The Australian Dollar (AUD) is expected to trade in a range between 0.6725 and 0.6780.
The Australian Dollar is expected to trade in a range between 0.6725 and 0.6780. In the longer run, AUD is expected to continue to weaken, albeit likely at a slower pace. The next level to watch is 0.6700, UOB Group Quek Ser Leang and Peter Chia note. The next level to watch is 0.
6715 before rebounding to close at 0.6747 . Slowing downward momentum combined with oversold conditions suggests that the weakness in AUD has likely stabilised. In other words, AUD is expected to trade in a range today, probably between 0.6725 and 0.6780.” 1-3 WEEKS VIEW: “We indicated yesterday that AUD is ‘is expected to continue to weaken, albeit at a slower pace.’ We added, ‘the next level to watch is 0.6700.’ AUD then fell to 0.6715 before recovering.
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