Back to news
06 Oct 2026 · 11:56 GMT+3

Australian Dollar: Oversold conditions limit losses against US Dollar – UOB

United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann note that AUD/USD outperformed on Monday, closing near 0.6970 after a modest rebound. Intraday, they see scope for slight gains but expect the pair to stay capped below 0.6985.

Trading involves risk. The information above is for reference only and does not constitute investment advice.