UOB economists Quek Ser Leang and Lee Sue Ann highlight that AUD/USD extended beyond the expected range to 0.7272, but near-term momentum still looks modest. Intraday, further gains are possible yet seen unlikely to reach 0.7280, with support at 0.7245 and 0.7230.
💡 DMK Insight
AUD/USD’s recent push to 0.7272 is more than just a number—it’s a signal of potential short-term volatility. While the pair’s momentum appears modest, traders should keep an eye on the resistance at 0.7280. If it fails to break through, we could see a pullback towards support levels at 0.7245 and 0.7230. This could trigger a wave of selling, especially if broader market sentiment shifts. Given the current economic backdrop, including any upcoming data releases or geopolitical events, these levels are crucial for gauging market sentiment. Watch for how institutional players react; their positioning could amplify moves in either direction. Here’s the thing: if AUD/USD holds above 0.7245, it might indicate a stronger bullish sentiment, but a drop below could signal a bearish reversal. Keep your charts updated and be ready to adjust your strategies based on these key levels.
📮 Takeaway
Watch AUD/USD closely; a failure to break 0.7280 could lead to a drop towards 0.7245 and 0.7230.





