Australian Dollar Approaching Reassessment at 0.6680 - UOB Group Analysis on the Australian Dollar Price Today

Long-Term Trading Range: From 0.6655 to 0.6745

According to analysis experts Quek Ser Leang and Peter Chia from UOB Group, the Australian dollar today is operating within a clear volatility range. The accumulation momentum has weakened after AUD rose to 0.6766 and then corrected downward. It is expected that AUD will trade within a narrow range from 0.6655 (strong support) to 0.6745 (main resistance) over the next 1-3 weeks.

24-Hour Development: Rebound Potential at 0.6680

Today, the Australian dollar is highly likely to retest the 0.6680 level. Traders should note that although this level may be challenged, the current accumulation momentum is not strong enough to allow the price to break further down. Any subsequent selling waves will find it difficult to reach the 0.6655 level — a reliable support.

FX analysts’ comments indicate that instead of maintaining a sideways trend within 0.6705-0.6745 as expected, AUD has fallen to a low of 0.6682. However, the strength of the selling momentum has slightly increased, indicating hesitation in the market.

Important Price Levels to Watch

To better understand today’s Australian dollar price, focus on two main resistance levels: 0.6715 and 0.6730. These levels will determine whether AUD can continue to recover or will face continued pressure. The strong support at 0.6690 was broken when the price dropped to 0.6682, which changes analysts’ short-term outlook.

The best trading strategy now is to wait for a rebound from the 0.6680 level before considering buying opportunities, while closely monitoring to ensure the price does not break below the support level at 0.6655.