AUD/USD trades sideways near 0.6960 as UOB analysts forecast a tight 0.6945-0.6985 range, despite lingering long-term bearish risks for the currency pair.
UOB maintains a neutral AUD/USD outlook with tight near-term trading range, while noting longer-term bearish risks.
The Australian Dollar remains range-bound against the US Dollar, trading near 0.6960. UOB analysts expect the pair to oscillate between 0.6945 and 0.6985 in the near term, maintaining a neutral stance for the next one to three weeks.
UOB maintains a neutral outlook for the pair, expecting it to trade within a tight range of 0.6935 to 0.7020 over the next few weeks.