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Posted by
Two Blokes Jul 21 -
Filed in
Forex
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14 views
Momentum indicators are still mostly flat; Australian Dollar (AUD) could continue to consolidate against US Dollar (USD), most likely in a range of 0.6490/0.6535. In the longer run, downward momentum has built further, but AUD may consolidate first before attempting to break below 0.6455, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
