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fxJul 9, 2026, 7:57 AM

UOB: AUD/USD could break above 0.6980 as momentum builds

UOB analyst sees AUD/USD trading in a 0.6915–0.6950 intraday range, but notes rising upside risk of a break above 0.6980 with 0.6900 as support.

AUDUSD

United Overseas Bank (UOB) analyst Quek Ser Leang expects the Australian dollar to remain confined to a 0.6915–0.6950 intraday range against the US dollar, citing lackluster momentum.

For the 1–3 week outlook, upward momentum is tentatively building. The analyst sees a rising risk of a break above the 0.6980 level, with 0.6900 acting as a strong support floor.

Source: FXStreet Forex News