Created
: 2025.10.02
2025.10.02 18:05
Further consolidation appears likely; softer underlying tone suggests a lower range of 0.6585/0.6625. In the longer run, Australian Dollar (AUD) is neutral now, and it is likely to trade between 0.6545 and 0.6655 for now, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
24-HOUR VIEW: "AUD rose sharply to a high of 0.6629 two days ago. Yesterday, we highlighted the following: 'The sharp rise appears to be overdone. This, combined with overbought conditions, suggests that instead of continuing to advance, AUD is more likely to consolidate today, probably between 0.6590 and 0.6630.' Our view turned out to be correct, as AUD traded within a range of 0.6590.0.6929. AUD closed largely unchanged at 0.6611 (-0.04%). Further consolidation appears likely, but the softer underlying tone suggests AUD is likely to trade in a lower range of 0.6585/0.6625."
1-3 WEEKS VIEW: "We revised our view yesterday (01 Oct, spot at 0.6615), indicating that we 'are neutral on AUD and expect it to trade between 0.6545 and 0.6655.' There is no change in our view."
Created
: 2025.10.02
Last updated
: 2025.10.02
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.
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].
Disclaimer:
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.
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