AUD/USD Eyes 0.6540 Resistance as Uptrend Continues – UOB Analysis

AUD/USD Approaching Test of 0.6540 – UOB Group

AUD/USD Gains Momentum, Testing Near-Term Resistance

The Australian Dollar (AUD) is showing signs of continued strength against the US Dollar (USD), with UOB Group analysts forecasting a potential test of the 0.6515 level, followed by a longer-term challenge of key resistance at 0.6540.

Live Forex Tracker: View real-time AUD/USD charts and data.

Short-Term View: Room for Upside Before a Pullback

In the 24-hour perspective, UOB notes that while momentum isn’t significantly strong, the AUD could rise further to 0.6515. A break below 0.6460 would signal that bullish pressure has faded.

• Immediate resistance: 0.6515
• Key upside target: 0.6540
• Support levels: 0.6475 and 0.6460

1–3 Week Outlook: 0.6540 in Sight if 0.6430 Holds

From a broader viewpoint, UOB reiterates its stance from earlier in the week: as long as support at 0.6430 remains unbroken, the Aussie Dollar has room to retest the 0.6540 resistance, which remains a critical technical level.

Related Reading: Why AUD/USD Could Outperform in Q2 2025.

Conclusion: AUD Bulls Maintain Control

The technical setup favors AUD/USD upside near-term, supported by weakening US economic sentiment and resilient AUD flows. Traders should monitor:

• US Nonfarm Payrolls on Friday
• Australian data and RBA sentiment
• Global risk trends and commodity prices