By tredu.com • 6/5/2025
Tredu
The Australian Dollar (AUD) is showing signs of continued strength against the US Dollar (USD), with UOB Group analysts forecasting a potential test of the 0.6515 level, followed by a longer-term challenge of key resistance at 0.6540.
Live Forex Tracker: View real-time AUD/USD charts and data.
In the 24-hour perspective, UOB notes that while momentum isn’t significantly strong, the AUD could rise further to 0.6515. A break below 0.6460 would signal that bullish pressure has faded.
From a broader viewpoint, UOB reiterates its stance from earlier in the week: as long as support at 0.6430 remains unbroken, the Aussie Dollar has room to retest the 0.6540 resistance, which remains a critical technical level.
Related Reading: Why AUD/USD Could Outperform in Q2 2025.
The technical setup favors AUD/USD upside near-term, supported by weakening US economic sentiment and resilient AUD flows. Traders should monitor:
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