The Australian Dollar (AUD) is currently expected to trade within a range of 0.6700 to 0.6745 against the US Dollar (USD). Analysts from UOB Group, Quek Ser Leang and Peter Chia, highlight the potential for the AUD to approach a significant resistance level at 0.6765 in the longer term. This resistance may serve as a critical pivot point for traders looking to gauge the currency pair's next move.
As market participants keep a close eye on the AUD/USD exchange rate, factors such as commodity prices and global economic conditions could influence momentum. A successful test of the 0.6765 resistance could signal bullish sentiment among traders, potentially leading to further gains for the Australian Dollar against the greenback. Conversely, failure to break through this level may encourage a sideways trading pattern or even a pullback.
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Data Source: FX Killer Analysis Team Updated: 2026-01-21 10:56
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.