AUD/USD is likely to trade within 0.6800 and 0.7010 in the next weeks, in opinion of FX Strategists at UOB Group. Key Quotes 24-hour view: “We held the view yesterday that AUD ‘could weaken further but any weakness is viewed as part of a 0.6830/0.6900 range’. Our expectation did not materialize as AUD traded in a relatively narrow range of 0.6849/0.6893. The price action offers no fresh clues and AUD could continue to consolidate for today, likely between 0.6850 and 0.6905.” Next 1-3 weeks: “There is not much to add to our update from yesterday (23 Jun, spot at 0.6920). As highlighted, the recent downward pressure has dissipated and from here, AUD is expected to consolidate and trade between 0.6800 and 0.7010. Looking forward, the upside risk appears to be greater but AUD has to close above 0.7030 in order to indicate that it is ready to move above the 0.7067 peak registered earlier this month.” 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 USD/JPY trades with modest losses, holds above 107.00 mark FX Street 2 years AUD/USD is likely to trade within 0.6800 and 0.7010 in the next weeks, in opinion of FX Strategists at UOB Group. Key Quotes 24-hour view: “We held the view yesterday that AUD ‘could weaken further but any weakness is viewed as part of a 0.6830/0.6900 range’. Our expectation did not materialize as AUD traded in a relatively narrow range of 0.6849/0.6893. The price action offers no fresh clues and AUD could continue to consolidate for today, likely between 0.6850 and 0.6905.” Next 1-3 weeks: “There is not much to add to our update from yesterday (23 Jun, spot at 0.6920).… 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.
