{"id":482105,"date":"2026-06-08T10:10:08","date_gmt":"2026-06-08T10:10:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/482105\/"},"modified":"2026-06-08T10:10:08","modified_gmt":"2026-06-08T10:10:08","slug":"australian-dollar-risk-extends-toward-0-7000-against-us-dollar-uob","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/482105\/","title":{"rendered":"Australian Dollar: Risk extends toward 0.7000 against US Dollar \u2013 UOB"},"content":{"rendered":"<p>UOB\u2019s Quek Ser Leang and Lee Sue Ann flag that <a href=\"https:\/\/www.fxstreet.com\/currencies\/audusd\" data-fxs-autoanchor=\"\" rel=\"nofollow noopener\" target=\"_blank\">AUD\/USD<\/a> posted its second-largest one\u2011day loss of the year, dropping toward 0.7040. Near term, the pair may test 0.7020, though a sustained break below is seen as unlikely. Over a 1\u20133 week horizon, they expect further weakness toward 0.7000, while resistance is now around 0.7080\/0.7105.<\/p>\n<p>Australian Dollar under sustained pressure<\/p>\n<p>&#8220;24-HOUR VIEW: After our expectation for AUD to test 0.7120 did not materialise on Thursday, we highlighted the following on Friday: \u201cAUD did not quite test 0.7120, as it dipped to 0.7123, rebounded to 0.7148 before closing little changed at 0.7133 (+0.08%). Despite the relatively quiet price action, lingering downward momentum suggests AUD could test and potentially break below 0.7120. Resistance is at 0.7140 and 0.7150.\u201d Our view of a lower AUD was not wrong, as after it rose to 0.7144, it then staged a dramatic decline that reached a low of 0.7038. The outsized drop appears excessive, but there is a chance for AUD to test 0.7020. A sustained drop below this level is unlikely, and the next support at 0.7000 is also unlikely to come into view. Resistance is at 0.7060, followed by 0.7080.&#8221;<\/p>\n<p>&#8220;1-3 WEEKS VIEW: Our most recent narrative was from last Thursday (04 Jun, spot at 0.7135), when we highlighted that \u201cthere has been a tentative increase in downward momentum, and if AUD breaks and holds below 0.7120, it could lead to a drop to 0.7095.\u201d While our view of a weaker AUD was correct, we did not anticipate the steep sell-off on Friday that reached a low of 0.7038. AUD closed at 0.7043, down by a whopping 1.27%. The price action suggests that AUD could weaken to 0.7000. We will maintain this view as long as 0.7105 (\u2018strong resistance\u2019 level was at 0.7165 last Friday) is not breached.&#8221;<\/p>\n<p>(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)<\/p>\n","protected":false},"excerpt":{"rendered":"UOB\u2019s Quek Ser Leang and Lee Sue Ann flag that AUD\/USD posted its second-largest one\u2011day loss of the&hellip;\n","protected":false},"author":2,"featured_media":177779,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[42,43,40,38,41,39],"class_list":["post-482105","post","type-post","status-publish","format-standard","has-post-thumbnail","category-headlines","tag-headlines","tag-news","tag-top-news","tag-top-stories","tag-topnews","tag-topstories"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/482105","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=482105"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/482105\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/177779"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=482105"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=482105"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=482105"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}