AUD/USD: Range-trading expected – UOB Group
Source Fxstreet
AUD/USD is likely to trade in a range between 0.6980 and 0.7085. For AUD to continue rising, it must close above 0.7100, while the strong support level is set at 0.6960. Recent price action suggests a slowdown in upward momentum, note UOB Senior Technical Strategist Quek Ser Leang and Economist Lee Sue Ann.
Range-trading expected for AUD/USD
"For AUD to continue to rise, it must close above 0.7100."
"The likelihood of AUD closing above 0.7100 is not high but it will remain intact as long as 0.6960 is not breached."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Silver futures surged past $117 on January 29, extending a historic rally with 275% gains over the past year. A severe physical supply crunch is driving the surge. Warehouse inventory now covers just
As 2026 begins, XRP is positioned for potential price appreciation. This outlook is supported by the launch of spot exchange-traded funds, the rollout of a new stablecoin, and expanding tokenization c
Gold soared to $5,600 per ounce due to heightened geopolitical tensions and economic uncertainty, while silver approached a record $120 as investors flocked to safe-haven assets for protection.
Solana (SOL) is trading in the red, down 2% at press time on Thursday, aligning with the broader cryptocurrency market correction as the US Federal Reserve (Fed) kept the interest rates unchanged on Wednesday.
Silver price (XAG/USD) continues its winning streak that began on January 22, trading around $117.70 per troy ounce during the Asian hours on Thursday.
Related Instrument
