AUD/USD is set to dip below 0.6680 – UOB Group

Source Fxstreet

The Australian Dollar (AUD) could dip below 0.6680; the next support at 0.6640 is highly unlikely to come into view today, UOB Group FX analysts Quek Ser Leang and Lee Sue Ann note.

The next support below 0.6680 is at 0.6640

24-HOUR VIEW: “We expected AUD to trade in a sideways range of 0.6710/0.6750 yesterday. However, it dropped to a low of 0.6698, closing on a soft note at 0.6706 (-0.33%). The decline has gathered momentum, and AUD could dip below 0.6680. The next support at 0.6640 is highly unlikely to come into view today. On the upside, 0.6735 is likely strong enough to cap any intraday rebound. Minor resistance is at 0.6720.”

1-3 WEEKS VIEW: “Two days ago (17 Jul, spot at 0.6730), we noted that ‘not only has the recent upward momentum faded, but downward momentum has also increased slightly.’ We expected AUD to trade with a downward bias, but we pointed out that ‘at this time, it does not appear to have enough momentum to break the major support at 0.6680.’ Yesterday, AUD fell to a low of 0.6698. Downward momentum has increased further, albeit not much. While there is scope for AUD to drop below 0.6680, it is too early to determine if there is enough momentum for it to reach 0.6640. On the upside, a breach of 0.6755 (‘strong resistance’ level previously at 0.6775) would indicate that AUD is not declining further.”

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
What Crypto Whales are Buying For May 2025Crypto whales are making bold moves heading into May 2025, and three tokens are standing out: Ethereum (ETH), Artificial Superintelligence Alliance (FET), and Onyxcoin (XCN).
Author  Beincrypto
Apr 21, Mon
Crypto whales are making bold moves heading into May 2025, and three tokens are standing out: Ethereum (ETH), Artificial Superintelligence Alliance (FET), and Onyxcoin (XCN).
placeholder
Gold price snaps selling off after fresh Trump comments on tariffsGold price (XAU/USD) is turning positive, recovering above the $$3,300 level at the time of writing on Thursday after two days of firm selling pressure since it topped at $3,500 on Tuesday.
Author  FXStreet
Apr 24, Thu
Gold price (XAU/USD) is turning positive, recovering above the $$3,300 level at the time of writing on Thursday after two days of firm selling pressure since it topped at $3,500 on Tuesday.
placeholder
Gold price surges past $3,300 on trade jitters, yield slump reviving haven demandGold price snapped two days of losses on Thursday and rose $50, or more than 1.50%, amid renewed concerns about the US-China trade war.
Author  FXStreet
Yesterday 03: 51
Gold price snapped two days of losses on Thursday and rose $50, or more than 1.50%, amid renewed concerns about the US-China trade war.
placeholder
Gold price consolidates in a range; bulls have the upper hand while above $3,300Gold price (XAU/USD) struggles to capitalize on the previous day's move higher and oscillates in a narrow trading band during the Asian session on Friday amid mixed fundamental cues.
Author  FXStreet
Yesterday 03: 53
Gold price (XAU/USD) struggles to capitalize on the previous day's move higher and oscillates in a narrow trading band during the Asian session on Friday amid mixed fundamental cues.
placeholder
Gold edges down amid clash over status of US-China trade talksGold price is on the back foot on Friday, almost erasing all of Thursday’s gains, and looks set to close off this week in the red.
Author  FXStreet
20 hours ago
Gold price is on the back foot on Friday, almost erasing all of Thursday’s gains, and looks set to close off this week in the red.
Related Instrument
goTop
quote