AUD/USD: Consolidation with longer-term downside risk – UOB

United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note that AUD/USD eased to 0.7152 after recent gains, with price action offering few fresh clues. They expect intraday trading between 0.7125 and 0.7175 and see the pair locked in a 0.7060–0.7210 range over the coming weeks. On a multi-month view, a break below 0.6850/0.6870 could trigger a slide toward 0.6765.

Near-term range, medium-term pressure

"24-HOUR VIEW: Yesterday, we highlighted that AUD “is likely to trade between 0.7140 and 0.7195.” AUD then traded within a lower range of 0.7131/0.7185. The price action provides no fresh clues, and we continue to expect AUD to trade in a range, most likely between 0.7125 and 0.7175"

"1-3 WEEKS VIEW: There is not much to add to our update from Monday (20 Apr, spot at 0.7130). As highlighted, “the current price movements are likely part of a range-trading phase between 0.7060 and 0.7210.”"

"1-3 MONTHS VIEW: The overall technical picture points to a lower AUD/USD; a breach of the 0.6850/0.6870 support zone could trigger a decline toward 0.6765. (dated 27 Mar 2026, 0.6885)."

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)