FXStreet reported Oct. 30 that United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann had returned to a neutral one-to-three-week outlook for AUD/USD after it fell below their 0.7020 support level.
The outlet put the pair’s expected range at 0.6985 to 0.7070 over one to three weeks and 0.7005 to 0.7050 over 24 hours. It also reported a slight downside bias in the near term. The strategist views and ranges were reported by FXStreet.
The shift reversed a more positive view from the previous week. FXStreet said that on Oct. 29, with AUD/USD at 0.7025, the strategists saw the pair moving above 0.7070, with 0.7095 also possible.
