Forex
Home›Forex›Major Pairs›Australian Dollar: Losing momentum near recent highs a…
Australian Dollar: Losing momentum near recent highs against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann observe that AUD/USD has stalled after testing 0.7040, with intraday momentum indicators turning flat and suggesting consolidation between 0.7005 and 0.7035. On a 1–3 week basis, prior upside bias is fading as the pair struggles to clear 0.7040, and a break below 0.6995 would negate prospects for a move toward 0.7070. Longer-term EMAs still point to downside risks toward 0.6923.
← Newer storyTrump Moves to Ease Methane Regulations for U.S. Oil ProducersOlder story →Anthropic’s ‘Adjusted’ Profit Exposes Wall Street’s Earnings Game