The research team at UOB Group has reiterated the neutral perspective of the pair in the near-term. Key Quotes “The recent volatile movement appears to have subsided somewhat as AUD traded in a relatively tight range last Friday”. “We have maintained a neutral stance since early last week and there is no change to the view”. “We expect this pair to trade in a broad 0.6950/0.7240 range for now”. For more information, read our latest forex news.