The Australian Dollar (AUD) is expected to trade within a higher range of 0.6625 to 0.6655 against the US Dollar (USD), according to UOB Group's FX analysts Quek Ser Leang and Peter Chia. This forecast reflects a bullish sentiment surrounding the AUD, driven by potential gains in commodity prices and improving economic indicators from Australia.
Looking ahead, the analysts suggest that there is a possibility for further AUD appreciation, with the exchange rate potentially reaching the resistance level of 0.6685. Market participants will be closely monitoring the AUD/USD pair for any signs of sustained upward momentum, as fluctuations in global risk sentiment and shifts in Federal Reserve policy could significantly impact the trading outlook for this currency pair.
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Data Source: FX Killer Analysis Team Updated: 2025-12-08 10:23
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.