AUD/USD: Next level to watch is 0.6440 – UOB Group
Further declines in AUD still appear likely; the next level to watch is 0.6440, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Further declines in AUD still appear likely; the next level to watch is 0.6440, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Further declines in AUD still appear likely

24-HOUR VIEW: "When AUD was at 0.6500 in the early Asian session yesterday, we were of the view that it 'is likely to consolidate in a range of 0.6465/0.6530.' Our view of consolidation was not wrong, even though AUD traded within a narrower range than expected (0.6493/0.6533). The price movements still appear to be part of a consolidation. Today, we expect AUD to trade between 0.6495 and 0.6535."

1-3 WEEKS VIEW: "We stated yesterday (13 Oct, spot at 0.6500) that 'further declines in AUD still appear likely, and the next level to watch is 0.6440.' We will maintain the same view as long as AUD holds below 0.6575 (no change ‘strong resistance’ level from yesterday). A breach of the ‘strong resistance’ level would indicate that the decline from the middle of last week has ended."

FXStreet
Trade The World
More than a million users rely on FXStreet for real-time market data, charting tools, expert insights, and forex news. Its comprehensive economic calendar and educational webinars help traders stay informed and make calculated decisions. FXStreet is supported by a team of about 60 professionals, split between the Barcelona headquarters and various global regions.
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