AUD/USD: Likely to trade between 0.6655 and 0.6745 – UOB Group

FXStreet Insights Team FXStreet

Instead of extending its decline, Australian Dollar (AUD) is more likely to range-trade between 0.6670 and 0.6710. In the longer run, the current price movements are likely part of a range-trading phase between 0.6655 and 0.6745, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Current price movements are likely part of a range-trading phase

24-HOUR VIEW: "After AUD dropped to 0.6682 last Thursday, we highlighted the following on Friday: 'AUD could retest the 0.6680 level before a recovery can be expected. While a break below 0.6680 is not ruled out, based on the current momentum, any further decline is unlikely to reach 0.6655'. Our assessments were not wrong, as AUD fell briefly to 0.6664 during the NY session before closing at 0.6687 (-0.18%). Downward momentum appears to be fading, and instead of extending its decline, AUD is more likely to range-trade today, probably between 0.6670 and 0.6710."

1-3 WEEKS VIEW: "We highlighted last Friday (09 Jan, spot at 0.6700) that 'the current price movements are likely part of a range-trading phase between 0.6655 and 0.6745'. There is no change in our view. Looking ahead, with the underlying tone softening, the risk of AUD breaking below 0.6650 before 0.6745 appears higher."

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.

AUD/USD flirts with 2026 lows around 0.6850

AUD/USD has rapidly left behind Monday’s optimism, shifting its attention to the downside and navigating the area of multi-month lows in the mid-0.6800s. The pair’s severe slump has come amid renewed and strong upside traction in the Greenback following further repricing of a rate hike by the Fed at its December meeting.

USD/JPY retakes 158.00 on weak Japanese data; focus shifts to US CPI

USD/JPY attracts some dip-buyers and retakes 158.00 in the Asian session on Tuesday as a fall in Japan’s Household Spending offsets hawkish BoJ Summary of Opinions, undermining the Japanese Yen. Moreover, Fed hike bets support the safe-haven US Dollar and the currency pair. The market focus now shifts to the release of the crucial US CPI report.

Gold flirts with $4,000 on solid USD buying

Gold slips back to the proximity of the key $4,000 mark per troy ounce on Tuesday, reaching new four-day lows at the same time. The yellow metal’s severe retracement follows the firm performance of the US Dollar, rising US Treasury yields across the curve and reignited speculation of extra Fed tightening.

Bitcoin, crypto market fall as hot US inflation triggers $700 million in liquidations

Bitcoin declines toward $73,000 on Tuesday following October's hotter-than-expected US Consumer Price Index report, which triggered renewed concerns about the Federal Reserve's interest rate outlook.

Five risks for the global economy in 2027

From AI bubbles to geopolitical breakthroughs, these are some of the five ways why this outlook could go wrong – or right: A severe correction in US stocks triggered by an AI meltdown, second-round inflation effects emerge at scale or geopolitical de-escalation delivers an energy peace dividend.

Gold reclaimed $4,100. Tuesday’s CPI test decides if it holds

Gold (XAU/USD) starts the week on a positive note, reclaiming the $4,100 psychological level as the US Dollar (USD) retreats from its recent highs. The precious metal recovers from Friday's losses, although investors remain cautious ahead of Tuesday's US Consumer Price Index (CPI) report, which could determine the next direction for Bullion.