AUD/USD seen within the 0.7550-0.7675 range – UOB

Pablo Piovano FXStreet

AUD/USD is forecast to navigate within the 0.7550-0.7675 range in the next weeks, suggested FX Strategists at UOB Group.

Key Quotes

24-hour view: “Last Friday, AUD rose to 0.7661, plummeted to 0.7588 before rebounding quickly. The rapid swings have resulted in a mixed outlook. For today, AUD could continue to trade in a choppy manner, likely not moving much out of Friday’s 0.7588/0.7661 range.”

Next 1-3 weeks: “Our view from last Thursday (08 Apr, spot at 0.7615) still stands. As highlighted, the outlook for AUD is mixed and AUD could trade within a 0.7550/0.7675 range for now.”

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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