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fxJun 26, 2026, 8:25 AM

AUD/USD Remains Under Pressure, Consolidation Expected – UOB

UOB analysts note that AUD/USD remains under pressure after an impulsive decline, but oversold conditions may lead to near-term consolidation around the 0.6880 level.

AUDUSD

United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann observe that the Australian dollar is still in a weak phase against the US dollar. The pair has experienced an impulsive decline, keeping it under pressure.

However, oversold conditions have prompted expectations for near-term consolidation. The analysts point to a trading range centered around 0.6880, though the upper boundary was not specified in the note. This suggests a pause in the downtrend, but no reversal is indicated yet.

Source: FXStreet Forex News