Skip to content
Short-Term View (24-Hour Outlook):
- AUD/USD is expected to stay within a lower range of 0.6565 to 0.6605.
- UOB analysts did not expect the sharp swings seen recently:
- Despite this volatility, downward momentum remains limited.
- Analysts believe further weakening is unlikely today, favoring range-bound movement.
Medium-Term View (1–3 Weeks):
- UOB turned slightly bearish on AUD/USD on September 22 when it was around 0.6595, forecasting a possible test of 0.6550.
- On September 24, with the pair at 0.6600, UOB noted that:
- Downward momentum was fading.
- A break above 0.6635 (previous resistance at 0.6650) would invalidate the bearish outlook and signal range trading.
- After briefly rising to 0.6628, AUD/USD fell to 0.6575, suggesting that:
- The probability of a move toward 0.6550 is increasing.
- However, no significant increase in bearish momentum has been observed.
- The key resistance level remains at 0.6635.
Summary:
- Expected short-term range: 0.6565–0.6605
- Possible target: 0.6550 if downside resumes
- Resistance to watch: 0.6635