The Australian Dollar (AUD) is poised to potentially retest the 0.6680 level against the USD, according to UOB Group's analysis. This movement comes amidst fluctuations in the currency pair as traders assess market sentiment. A bounce back from this key technical level could signal a reversal, offering traders a chance for recovery after recent declines.
While the outlook suggests a retest at 0.6680, further declines below this threshold appear limited, with projections indicating that the exchange rate is unlikely to dip below the 0.6655 mark. As market participants closely monitor these levels, the interplay between AUD and USD remains critical, influencing broader trading strategies within the forex market.
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Data Source: FX Killer Analysis Team Updated: 2026-01-09 11:19
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.