Market news
25.06.2021, 09:40

AUD/USD now moved into a 0.7520-0.7650 range – UOB

FXStreet reports that according to UOB Group’s FX Strategists, the negative phase in AUD/USD seems to have ended.

Next 1-3 weeks: “On Wednesday, we highlighted that ‘the prospect for AUD to weaken to 0.7450 has diminished’ and ‘a break of 0.7600 would indicate that the weak phase in AUD has come to an end’. While 0.7600 is still intact, the loss in momentum over the past couple of days suggests that the weak phase that started more than a week ago has come to an end. The current movement is viewed as the early stages of a consolidation phase and AUD is expected to trade within a 0.7520/0.7650 for now.”

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