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fxJun 25, 2026, 7:57 AM

AUD/USD Oversold but Vulnerable: UOB Sees Range Trading

UOB analysts note AUD/USD's sharp fall to 0.6883 and recovery to 0.6901, with deeply oversold conditions likely to keep the pair trading between 0.6880 and a nearby resistance in the near term.

AUDUSD

United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann observe that AUD/USD fell sharply to 0.6883 before recovering moderately to 0.6901. They describe the pair as deeply oversold, which points to a period of near-term range trading.

The analysts project the short-term trading band between 0.6880 and a nearby resistance level. Despite the oversold reading, they caution that the Australian dollar remains vulnerable against the US dollar, suggesting limited upside potential in the immediate outlook.

Source: FXStreet Forex News