AUD/USD Pair Eyes Lower Range as Downside Risks Mount Amid Consolidation
AUD/USD is expected to remain within a lower trading range as downside risks persist, with key support near 0.6580 and resistance around 0.6620. Recent consolidation reflects cautious market sentiment amid USD strength and mixed Australian data, suggesting limited directional momentum ahead. Traders should watch for range-bound moves rather than strong breakouts. Analysis adapted from FXStreet and UOB Group.