AUD/USD Technical Analysis: Range Trading Expectations from Banks
Wednesday, 9 October 2024, 02:39
AUD/USD Technical Analysis: Expected Trading Range
The Australian Dollar (AUD) against the US Dollar (USD) is expected to trade in a range between 0.6725 and 0.6780. This forecast arises from recent technical analysis provided by various banks.
Long-term Outlook for AUD/USD
In the longer run, the AUD may continue to weaken, albeit likely at a slower pace. Analysts suggest that the next key levels to watch will be influenced by global economic trends and interest rate movements.
- 0.6725-0.6780: Predicted range
- Bank projections: Key driver of analysis
- Monitor trends: For future fluctuations
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.