Australian Dollar Holds Steady Near 0.6960 with Neutral Outlook

The Australian Dollar is trading in a narrow range near 0.6960 against the US Dollar, with a neutral outlook expected over the next one to three weeks, according to UOB analysts.

The Australian Dollar (AUD) remained range-bound against the US Dollar (USD), trading close to the 0.6960 level with limited volatility, according to FX Street. UOB analysts Quek Ser Leang and Lee Sue Ann noted that intraday price movements have been confined within narrow bands.

Near-term trading is expected to continue between 0.6945 and 0.6985, with a neutral outlook over the next one to three weeks. The broader trading range forecasted by UOB sits between 0.6935 and 0.7020, suggesting no strong directional bias in the coming weeks.

For Japanese investors, monitoring AUD/USD movements remains relevant as shifts in commodity-linked currencies like the Australian Dollar can impact risk sentiment and cross-asset flows in Asian markets.

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執筆: Sama Kane