The Australian dollar (AUD) is likely to trade in a side range of 0.6400/0.6450 against the US dollar (USD). In the longest term, Outlook is mixed; AUD is likely to be traded between 0.6370 and 0.6480, Quek Ser Leang and PEER Chia Note at UOB Group.
Outlook has been mixed for AUD
Show 24 hours: “Our view of” AUD “to continue to rise” was incorrect. Instead of height, AUD decreased to 0.6392, as it decreased to 0.53 % at 0.6424. Despite the decrease, there was no significant increase in the declining momentum. Instead of declining, AUD is likely to be traded in a side range of 0.6400/0.6450 today. “
1-3 weeks show: “Last Wednesday (May 14), when AUD was at 0.6470, we indicated that” to continue to rise, AUD should be broken and more than 0.6515. “After applying at AUD on Monday, we highlighted yesterday, Tuesday (May 20, on 0.6450), that“ the upcoming upcoming upcoming momentum has increased the chances of breaking the AUD above 0.6515. ”However, AUD later decreased to the level of“ strong support ”of 0.6400 (decrease 0.6392), indicating that the opportunity to advance has faded.
