AUD/USD gains appear capped near 0.7240 – UOB

According to the research team at UOB Group, the Aussie dollar could remain within a 0.6950-0.7240 range vs. the dollar in the near term.

Key Quotes

“AUD traded in a choppy manner yesterday and we continue to remain neutral for now”.

“The current movement is viewed as part of a broad consolidation phase. Expected range; 0.6950/0.7240”.