While conditions remain overbought, AUD could edge higher and test 0.6310. A sustained rise above this level is unlikely. In the longer run, If AUD closes above 0.6310, it could trigger an advance to 0.6355, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
Related Articles
US Dollar with some gains after mixed economic data ahead of key employment report
The US Dollar Index (DXY), which measures the value of the US...
Fed’s Goolsbee: First effects of tariffs may be less imporant than impacts on expectations
Seems jobs are settling around full employmentAppearance that inflation process has stalled...
Treasury’s Bessent: We do want the dollar to be strong
Treasury staff have not tried to block federal paymentsDOGE programs are an...
Mexican Peso climbs ahead of Banxico’s decision
The Mexican Peso (MXN) appreciated during the North American session as traders...
Leave a comment