FXStreet reports that FX Strategists at UOB Group noted that AUD/USD is expected to navigate between 0.7030 and 0.7185 in the next weeks.

Next 1-3 weeks: “There is not much to add to our latest narrative from last Thursday. As highlighted, the current movement in AUD is viewed as the early stages of a consolidation phase and AUD could trade between 0.7030 and 0.7185 for now. While AUD could test 0.7185 first, the current lackluster momentum suggests that a sustained advance above this level is unlikely.”