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fxJul 2, 2026, 7:49 AM

AUD/USD Neutral in Broader Downtrend – UOB

UOB notes AUD/USD has entered tight consolidation after a rebound to 0.6930, with intraday range expected between 0.6880 and 0.6920.

AUDUSD

United Overseas Bank's Quek Ser Leang reports that AUD/USD has slipped into a tight consolidation following a strong rebound to 0.6930. The pair has been trading between 0.6883 and 0.6921, closing at 0.6894.

According to the analyst, intraday trading is likely to remain range-bound between 0.6880 and 0.6920, reflecting a neutral stance within the broader downtrend against the US dollar.

Source: FXStreet Forex News