FX Strategists at UOB Group noted AUD/USD is still facing a period of sideline trading for the time being. Key Quotes 24-hour view: “AUD traded between 0.6831 and 0.6857, relatively close to our expected sideway-trading range of 0.6835/0.6865. The underlying tone appears to be on the soft side and AUD could drift lower from here. In view of the lackluster momentum, the strong 0.6810 support is unlikely to be challenged. Resistance is at 0.6860 followed by 0.6880″. Next 1-3 weeks: “AUD drifted to a low of 0.6832 yesterday before settling slightly lower at 0.6840 (-0.14%). While downward momentum has ticked up, there is no change in our view from Monday (11 Nov, spot at 0.6860) wherein the “current movement is viewed as part of a consolidation phase”. In other words, we continue to expect AUD to trade between 0.6810 and 0.6910 for a period”. 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 Australia: GDP growth this year likely to be 1.6% – NAB FX Street 3 years FX Strategists at UOB Group noted AUD/USD is still facing a period of sideline trading for the time being. Key Quotes 24-hour view: "AUD traded between 0.6831 and 0.6857, relatively close to our expected sideway-trading range of 0.6835/0.6865. The underlying tone appears to be on the soft side and AUD could drift lower from here. In view of the lackluster momentum, the strong 0.6810 support is unlikely to be challenged. Resistance is at 0.6860 followed by 0.6880". Next 1-3 weeks: "AUD drifted to a low of 0.6832 yesterday before settling slightly lower at 0.6840 (-0.14%). While downward momentum has ticked… 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.
