AUD/USD has now shifted the attention to the upper end of the range and targets the 0.6900 region in the near term, noted FX Strategists at UOB Group. Key Quotes 24-hour view: “We highlighted yesterday that “AUD could edge higher but the major 0.6895 could be just out of reach”. AUD subsequently touched 0.6883 before easing off. Upward pressure has eased and AUD is likely to consolidate and trade sideways today, likely between 0.6840 and 0.6880″. Next 1-3 weeks: “AUD didn’t do much yesterday as it eked out a fresh high of 0.6883 before slipping to close slightly lower at 0.6856 (-0.16%). For now, there is no change to our view from last Friday (18 Oct, spot at 0.6825) wherein the risk is for a higher AUD towards 0.6895. Only a break of 0.6815 (‘strong support’ level was previously at 0.6800) would indicate that our view for a stronger AUD is wrong. Looking ahead, if AUD were to break clearly above 0.6895, the next level to focus on is at 0.6930″. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Forex Today: Brexit limbo weighs on all markets, oil pushed and pulled, Bitcoin battered again FX Street 3 years AUD/USD has now shifted the attention to the upper end of the range and targets the 0.6900 region in the near term, noted FX Strategists at UOB Group. Key Quotes 24-hour view: "We highlighted yesterday that "AUD could edge higher but the major 0.6895 could be just out of reach". AUD subsequently touched 0.6883 before easing off. Upward pressure has eased and AUD is likely to consolidate and trade sideways today, likely between 0.6840 and 0.6880". Next 1-3 weeks: "AUD didn't do much yesterday as it eked out a fresh high of 0.6883 before slipping to close slightly lower at… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
