The Australian dollar (AUD) is likely to be traded between 0.6330 and 0.6365. In the longer term, momentum remains strong; AUD can continue to progress, and perhaps to 0.6410, FX analysts in UOB, Quek Ser Leang and Peter Chia Note.
AUD can continue to advance about 0.6410
24 -hour width: “Two days ago, AUD was traded in a range and was largely closed unchanged at 0.6357 (+0.06 %). And 0.6367 and closed largely without changing again at 0.6354 (-0.04 %).
1-3 weeks show: “We have held a positive offer since early this month. In our last narration two days ago (February 17, Al-Baqa on 0.6355), highlighted us,“ The momentum is still strong, and we continue to expect AUD to progress, it is likely to reach 0.6410 . AUD has been traded in a scope during the past two days, and we continue to carry the same opinion as long as the level of “strong support” was at 0.6290 yesterday) is not penetrated.
