Select Language

AUD/USD may still move to 0.6645 - UOB Group

Breaking news

AUD/USD may still move to 0.6645 - UOB Group

  • X
  • facebook
  • LINE
  • RSS

  • X
  • facebook
  • LINE
  • RSS
New update 2025.07.28 19:54
AUD/USD may still move to 0.6645 - UOB Group

update 2025.07.28 19:54

Australian Dollar (AUD) is likely to consolidate in a range of 0.6555/0.6595 against US Dollar (USD). In the longer run, short-term momentum has eased slightly; AUD may still move to 0.6645, but the odds are not high, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Short-term momentum has eased slightly

24-HOUR VIEW: "We noted last Friday that 'the current price movements are likely part of a consolidation phase between 0.6570/0.6615.' The subsequent price movements did not turn out as expected. AUD dropped to a low of 0.6552 and closed at 0.6565 (-0.39%). The price movements still appear to be part of a consolidation phase, probably in a range of 0.6555/0.6595."

1-3 WEEKS VIEW: "We adopted a positive AUD stance in the middle of last week. After AUD reached our prior technical objective at 0.6625 and pulled back, we pointed out Friday (25 Jul, spot at 0.6590) that 'while short-term momentum has eased slightly, AUD may still move to 0.6645, but the odds are not high.' We added, 'a break of 0.6545 ('strong support' level) would mean that 0.6645 is out of reach.' We continue to hold the same view."


Date

Created

 : 2025.07.28

Update

Last updated

 : 2025.07.28

Related articles


Show more

FXStreet

Financial media

arrow
FXStreet

FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.

Was this article helpful?

We hope you find this article useful. Any comments or suggestions will be greatly appreciated.  
We are also looking for writers with extensive experience in forex and crypto to join us.

please contact us at [email protected].

Thank you for your feedback.
Thank you for your feedback.

Most viewed

US President Trump: Open to tariff discussions with Canada

Speaking to NBC News on Thursday, US President Donald Trump said, "I'm open to discussions" with Canada.
New
update2025.08.01 12:22

WTI remains subdued below $69.00 amid potential impact of upcoming US tariffs on economy

West Texas Intermediate (WTI) Oil price extends its losses for the second successive session, trading around $68.70 per barrel during the Asian hours on Friday.
New
update2025.08.01 12:18

Japanese Yen refreshes multi-month low against USD; seems vulnerable ahead of US NFP

The Japanese Yen (JPY) touches a fresh four-month low against its American counterpart during the Asian session on Friday and seems vulnerable to weaken further.
New
update2025.08.01 11:49

NZD/USD extends the decline to below 0.5900 on downbeat Chinese PMI data, renewed trade tensions

The NZD/USD pair extends its downside to around 0.5880 during the early Asian trading hours on Friday. The New Zealand Dollar (NZD) softens against the US Dollar (USD) amid escalating trade tension between the United States (US) and China. 
New
update2025.08.01 11:27

Australian Dollar loses ground following China's dismal PMI

The Australian Dollar (AUD) edges lower on Friday, continuing its seven-day losing streak. The AUD/USD pair remains steady following the release of economic figures from Australia and its close trading partner, China.
New
update2025.08.01 11:17

China pauses US-bound corporate investment amid escalating trade tensions - Nikkei

During trade talks between the world's two biggest economies, China has halted outbound investments for firms seeking to establish or expand operations in the United States (US), Nikkei Asia reported on Friday.
New
update2025.08.01 11:07

China's Caixin Manufacturing PMI declines to 49.5 in July vs. 50.3 expected

China's Caixin Manufacturing Purchasing Managers' Index (PMI) eased to 49.5 in July from 50.4 in June, according to the latest data released on Friday.
New
update2025.08.01 10:46

Japan's Kato says he is alarmed over FX trend, driven by speculative move

Japanese Economy Minister Ryosei Akazawa on Friday alarmed over the foreign exchange (FX) moves, including those driven by speculators. Akazawa further stated that he will need to closely monitor the impact of US tariffs on exports.  
New
update2025.08.01 10:31

PBOC sets USD/CNY reference rate at 7.1496 vs. 7.1494 previous

On Friday, the People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1496 as compared to the previous day's fix of 7.1494 and 7.2033 Reuters estimate.
New
update2025.08.01 10:15

Japan's Akazawa urges caution on interest rates, calls for US tariff relief

Japanese Economy Minister Ryosei Akazawa said on Friday that the government acknowledges the Bank of Japan's (BoJ) decision to hold interest rates steady at its July meeting on Thursday.
New
update2025.08.01 10:13

Disclaimer:arw

All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.

The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.

  • Facebook
  • Twitter
  • LINE

Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy

I agree
share
Share
Cancel