AUD/USD: The next level to watch is 0.6700 – UOB Group

FXStreet Insights Team FXStreet

Australian Dollar (AUD) is expected to consolidate in a range between 0.6625 and 0.6665. In the longer run, the price action continues to suggest a higher AUD; the next level to watch is 0.6700, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Price action continues to suggest a higher AUD

24-HOUR VIEW: "AUD staged a sharp rise that reached a high of 0.6665 last Thursday. On Friday, we noted that 'strong momentum indicates likely further strengthening of AUD, but overbought conditions suggest that 0.6700 is likely out of reach for now.' However, instead of strengthening further, AUD traded in a range of 0.6631/0.6668 before settling at 0.6648 (-0.20%). AUD appears to have entered a consolidation phase. Today, we expect AUD to trade in a range between 0.6625 and 0.6665."

1-3 WEEKS VIEW: "We continue to hold the same view as last Friday (12 Sep, spot at 0.6665). As highlighted, the recent 'price action continues to suggest a higher AUD, and the next level to watch above 0.6670 is 0.6700.' Overall, only a breach of 0.6590 (no change in ‘strong support’ level) would indicate that the AUD strength from early last week (see annotations in chart below) has run its course."

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.

GBP/USD retreats from weekly high vs firmer USD as focus shifts to BoE, US data

The GBP/USD pair struggles to capitalize on the previous day's strong move up to the weekly high and drifts lower during the Asian session on Thursday. Spot prices currently trade around mid-1.3300s, down over 0.10% for the day, and, for now, seem to have stalled the recovery move from a nearly four-week low, touched on Tuesday.

EUR/USD edges lower to near 1.1450 ahead of German/ EU GDP

EUR/USD trades with mild losses around 1.1450 in the early European hours on Thursday. The US Dollar recovers ground on renewed Mideast hostilities, despite a cautious Fed hold. Traders now brace for preliminary readings of the second-quarter Gross Domestic Product (GDP) from Germany, the Eurozone and the US.

Gold extends intraday rejection slide from $4,100

Gold extends its intraday rejection slide from the $4,100 mark and moves further away from a one-week high, touched the previous day. The US Dollar regains positive traction following Wednesday's post-FOMC decline and is seen as a key factor weighing on the commodity.

Mixed signals leave XRP and XLM at crossroads

Ripple and Stellar are trading at critical technical levels on Thursday. XRP has stabilized above the psychological $1.00 support, while XLM is testing support at $0.173. Traders should be cautious as mixed derivatives metrics keep the outlook uncertain for both altcoins. Derivatives data shows mixed sentiment among traders. CoinGlass’ long-to-short ratio for XRP reads 1.02 on Thursday.

Fed review: Reversing course (?)

At face value, the FOMC's 9-3 split decision hold was exactly in line with the expectations we laid out in our Fed preview - a divided hold, 22 July. We also named the three dissenters - Hammack, Logan and Kashkari - as the most likely hawks to support rapid tightening.

US Dollar mid-year outlook: Exceptional currency, exceptional risks?

The US Dollar enters the second half of 2026 in a markedly different position from a year ago. The King currency has recovered, reflecting persistent US inflation, changing expectations for Fed policy, geopolitical tensions and renewed demand for defensive assets.