AUD/USD: Likely to edge higher within a higher range of 0.6490/0.6580 – UOB Group
Upward momentum is starting to build, but it is too early to determine if Australian Dollar (AUD) can reach 0.6580. In the longer run, AUD is likely to edge higher within a higher range of 0.6490/0.6580, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Upward momentum is starting to build, but it is too early to determine if Australian Dollar (AUD) can reach 0.6580. In the longer run, AUD is likely to edge higher within a higher range of 0.6490/0.6580, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Upward momentum is starting to build

24-HOUR VIEW: "The following are excerpts from our update yesterday: 'The price movements are likely part of a range-trading phase. Today, we expect AUD to trade between 0.6510 and 0.6540'. AUD then dipped to 0.6516, rebounded to 0.6550, and closed at 0.6541 (+0.21%). AUD traded on a firm note in the early Asian session today. Upward momentum is starting to build, but it is too early to determine if AUD can reach 0.6580 today. Note that there is another resistance level at 0.6565. Support levels are at 0.6545 and 0.6530."

1-3 WEEKS VIEW: "Our update from two days ago (11 Nov, spot at 0.6535) still stands. As highlighted, we expect AUD to edge higher, but we view any advance as part of a higher range of 0.6490/0.6580."

Acuity Trading
Trade The World
Acuity Trading is a London-based fintech company founded in 2013 that specializes in AI-powered alternative data and sentiment analysis for trading and investments. They revolutionized the online trading experience by introducing visual news and sentiment tools, and today they continue to lead the fintech market with alpha-generating alternative data and highly engaging trading tools using the latest AI research and technology.
Read More

LIVE QUOTES

Name / Symbol
Chart
% Change / Price
GBPUSD
1 D change
+0%
0
EURUSD
1 D change
+0%
0
USDJPY
1 D change
+0%
0

ALL ABOUT FOREX

Explore More Tools
Trading Academy
Browse a wide range of educational articles covering trading strategies, market insights, and financial fundamentals, all in one place.
Learn More
Courses
Explore structured trading courses designed to support your growth at every stage of your trading journey.
Learn More
Webinar
Join live and on-demand webinars to gain real-time market insights and trading strategies from industry experts.
Learn More