The Cardano price prediction 2025Australian Dollar (AUD) appears to be consolidating within a defined trading range between 0.6220 and 0.6290 against the US Dollar (USD). Market observers from UOB Group, including FX specialists Quek Ser Leang and Lee Sue Ann, suggest this price action could represent the initial phase of a broader recovery pattern that might eventually challenge the 0.6350 resistance level.

Critical Support Level: Why 0.6190 Matters for AUD Bulls

Short-Term Outlook (24-Hour): Previous expectations suggested AUD could surpass 0.6305 provided support at 0.6205 held firm. However, the currency pair demonstrated more constrained movement, oscillating between 0.6209 and 0.6289. With upward momentum showing signs of moderation, analysts anticipate continued sideways trading within the 0.6220-0.6290 band in the immediate term.

Medium-Term Perspective (1-3 Weeks): Following Monday's significant appreciation, UOB maintains its assessment that current market behavior potentially marks the beginning of a recovery cycle. The 0.6350 target remains valid, contingent upon the currency pair maintaining levels above the crucial 0.6190 support threshold. This technical level serves as a key indicator for sustaining the developing bullish momentum in AUD/USD.