AUD/USD: Expected to trade in a range of 0.6510/0.6535 – UOB Group

FXStreet Insights Team FXStreet

Australian Dollar (AUD) is expected to trade in a range of 0.6510/0.6535. In the longer run, a narrower range of 0.6470/0.6555 is likely enough to contain the price movements for now, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

AUD to trade in a range

24-HOUR VIEW: "We indicated last Friday that 'although upward momentum appears lackluster, the bias for today is on the upside.' However, we pointed out that 'the major resistance at 0.6555 is likely out of reach.' The subsequent price movements did not turn out as expected, as AUD traded in a relatively tight range of 0.6513/0.6535. AUD closed marginally higher by 0.02% at 0.6525. The price action provides no fresh clues. Today, we expect AUD to trade in a range of 0.6510/0.6535."

1-3 WEEKS VIEW: "In our most recent narrative from last Thursday (07 Aug, spot at 0.6500), we indicated that 'the current price movements are likely part of a range trading phase, probably between 0.6450 and 0.6555.' While we continue to expect range trading, a narrower range of 0.6470/0.6555 is likely enough to contain the price movements for now."

Author

FXStreet Insights Team

FXStreet

The FXStreet Insights Team is a group of journalists that handpicks selected market observations published by renowned experts. The content includes notes by commercial as well as additional insights by internal and external analysts.

EUR/USD shifts its attention to 1.1900 and above

EUR/USD has shaken off Tuesday’s dip, pushing back beyond the 1.1800 mark amid decent gains as Wednesday’s session draws to a close. The rebound is largely driven by a modest pullback in the US Dollar, as markets digest the aftermath of President Trump’s SOTU speech and continue to monitor trade-related headlines and signals from the White House.

GBP/USD challenges multi-day highs near 1.3530

GBP/USD leaves behind the previous day’s decline and regains fresh upside traction on Wednesday, surpassing the 1.3500 barrier in a context of a modest decline in the Greenback and a generalised improved mood in the risk-linked space. Meanwhile, the US tariff narrative continues to dictate the mood among market participants after Presidet Trump’s SOTU speech failed to surprise markets.

Gold remains bid and close to $5,200

Gold buyers are returning to the fold on Wednesday, targeting the $5,200 area and possibly beyond, after Tuesday’s corrective dip from monthly highs. The rebound in the precious metal comes as the US Dollar loses traction, with Trump’s SOTU speech offering little fresh direction and AI-related nerves continuing to ease.

UK financial watchdog advances stablecoin oversight as four firms pilot issuance

The Financial Conduct Authority (FCA) in the United Kingdom (UK) is advancing toward the final stablecoin regulatory framework with a pilot program involving four companies, including Monee, Financial Technologies ReStabilise, Revolut and VVTX.

Nvidia earnings to influence AI trade and broader market sentiment

For the last three years, Nvidia has been the engine of the AI boom, and now Wall Street is watching to see whether that momentum can keep going. High-growth stocks have been struggling to maintain their bullish trend in 2026.

Cosmos Hub Price Forecast: ATOM rebounds slightly, bearish outlook remains intact

Cosmos Hub (ATOM) price rebounds, trading above $2.05 at the time of writing on Wednesday, after undergoing a sharp correction since last week. Weakening on-chain and derivatives data support a bearish outlook, while technical analysis remains unfavorable.