AUD/USD risks extra losses below 0.6570 – UOB – by pabspiovano AUDUSD Currencies Majors Banks
could retest the 0.6530 level once 0.6570 is cleared, suggest UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang.24-hour view: “Yesterday, we held the view that AUD ‘could drop to 0.6570 first before a rebound is likely’. Our expectations did not materialize as AUD traded in a relatively quiet manner between 0.6601 and 0.6650. The price actions appear to be part of a consolidation phase and AUD is likely to within a range of 0.6615/0.6675 today.
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