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AUD Expected to Consolidate Within Narrow Range

by Elena

Analysts at UOB Group foresee the Australian Dollar (AUD) maintaining a consolidative stance, fluctuating between 0.6635 and 0.6675 in the near term.

24-Hour View:

Following a brief dip to 0.6627, AUD rebounded to 0.6668 without a notable increase in momentum. Despite this recovery, analysts anticipate AUD to predominantly consolidate between 0.6635 and 0.6675, suggesting a stable trading pattern.

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1-3 Weeks View:

The broader outlook indicates AUD is currently in a phase of range-bound trading. With current conditions aligned, analysts project AUD to oscillate within the boundaries of 0.6600 and 0.6685 in the immediate to short term.

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This analysis reflects UOB Group’s assessment of AUD’s likely trajectory amid prevailing market conditions.

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