AUD/USD Faces Downside Bias, Consolidation Expected – UOB
United Overseas Bank's Quek Ser Leang notes AUD/USD has stalled after last week's sharp rise, with downside momentum building. The bank maintains a neutral stance for the next 1–3 weeks, expecting consolidation between 0.6870 and a nearby resistance level.
AUDUSD
United Overseas Bank (UOB) FX analyst Quek Ser Leang reports that AUD/USD has lost upward momentum after last week's rally, with a tentative build-up in downside pressure. An intraday dip toward 0.6910 is possible.
For the 1–3 week horizon, UOB stays neutral, anticipating the pair to consolidate within a range bounded near 0.6870 on the lower side. The broader bias remains neutral, despite the short-term downside tilt.
Source: FXStreet Forex News