AUD/USD: stuck in a range until Jackson Hole - UOB

For AUD/USD, analysts at UOB explained that with little macro data on the domestic front, AUD is likely to trade in tandem with global risk sentiment, awaiting this week’s Jackson Hole symposium, which kicks off on Thursday.

Key Quotes:

"The anticipated weakness in AUD edged below the 0.7595/00 support (low of 0.7584) before recovering.

The downward pressure over the past couple of days has eased and the current movement is likely the early stages of a consolidation phase. Expect sideway trading for today, likely between 0.7600 and 0.7660."