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fxJun 29, 2026, 8:48 AM

AUD/USD Consolidates in 0.6880-0.6920 Range – UOB

UOB strategist Quek Ser Leang notes AUD/USD remains locked in a short-term range between 0.6880 and 0.6920 following a recent steep decline. Downward momentum is easing, but a clear break above 0.6940 is needed to signal that the key support at 0.6835 is out of immediate danger.

AUDUSD

United Overseas Bank's (UOB) Quek Ser Leang noted that the Australian dollar is consolidating after a sharp fall against the US dollar. The pair is currently locked in a short-term range of 0.6880 to 0.6920.

Downward momentum is beginning to ease, according to the analyst. A break above the 0.6940 level would be seen as an early signal that the major support at 0.6835 is unlikely to be tested in the near term.

The comments come after a period of impulsive decline in AUD/USD. No additional catalysts or forecasts were provided in the note.

Source: FXStreet Forex News