The upside momentum in AUD/USD could see the 0.6700 region re-tested in the short-term, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “Expectation for AUD to “grind higher to 0.6655” did not materialize as it eased from 0.6637 and traded mostly sideways. Momentum indicators have turned neutral and AUD is likely to trade sideways from here. Expected range for today, 0.6585/0.6640.” Next 1-3 weeks: “There is not much to add to the update from Wednesday (04 Mar, spot at 0.6585). As highlighted, the current movement is viewed as recovery phase and there is room for AUD to edge higher towards 0.6695. Only a move below 0.6530 (‘strong support’ level previously at 0.6495) would indicate the current mild upward pressure has eased.” 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 Top 3 Price Prediction Bitcoin, Ether, Ripple: Siege at the gates of a new uptrend FX Street 2 years The upside momentum in AUD/USD could see the 0.6700 region re-tested in the short-term, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “Expectation for AUD to “grind higher to 0.6655” did not materialize as it eased from 0.6637 and traded mostly sideways. Momentum indicators have turned neutral and AUD is likely to trade sideways from here. Expected range for today, 0.6585/0.6640.” Next 1-3 weeks: “There is not much to add to the update from Wednesday (04 Mar, spot at 0.6585). As highlighted, the current movement is viewed as recovery phase and there is room for AUD to edge… 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.
