AUD/USD: Likely to trade between 0.6550 and 0.6605 – UOB Group

The current price movements are likely part of a range-trading phase between 0.6550 and 0.6605. In the longer run, the price action continues to suggest AUD strength; the next level to watch is 0.6630, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.