Further downside could drag AUD/USD to the mid-0.6500s in the next weeks, noted FX Strategists at UOB Group. Key Quotes 24-hour view: “AUD traded between 0.6586 and 0.6622, lower and narrower than our expected sideway-trading range of 0.6590/0.6635. The price action offers no fresh clues and AUD could continue to trade sideways. Expected range for today, 0.6580/0.6625.” Next 1-3 weeks: “AUD eked out a fresh low of 0.6585 (one pip below last Friday’s 0.6586 low) before recovering. For now, there is no change in our view from Friday (14 Feb, spot at 0.6615) wherein the risk for AUD is on the downside. That said, AUD has declined considerably since the start of the year and we have a relatively modest downside ‘target’ of 0.6550. On the upside, a breach of 0.6680 (no change in ‘strong resistance’ level) would indicate the current downward 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 EUR/USD: Run out of steam ahead of 1.0900 mark FX Street 3 years Further downside could drag AUD/USD to the mid-0.6500s in the next weeks, noted FX Strategists at UOB Group. Key Quotes 24-hour view: “AUD traded between 0.6586 and 0.6622, lower and narrower than our expected sideway-trading range of 0.6590/0.6635. The price action offers no fresh clues and AUD could continue to trade sideways. Expected range for today, 0.6580/0.6625.” Next 1-3 weeks: “AUD eked out a fresh low of 0.6585 (one pip below last Friday’s 0.6586 low) before recovering. For now, there is no change in our view from Friday (14 Feb, spot at 0.6615) wherein the risk for AUD is on… 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.
