Australian Dollar: Neutral within broader downtrend against US Dollar – UOB

United Overseas Bank’s (UOB) Quek Ser Leang notes AUD/USD has slipped into a tight consolidation after a strong rebound to 0.6930, trading between 0.6883 and 0.6921 and closing at 0.6894. He expects intraday range trading between 0.6880 and 0.6915.