AUD/USD: Bearish bias builds below key supports – UOB

UOB’s Quek Ser Leang highlights a weakening technical backdrop for AUD/USD after the pair broke below a rising wedge and tested the Ichimoku cloud base near 0.6870. UOB’s Quek Ser Leang highlights a weakening technical backdrop for AUD/USD after the pair broke below a rising wedge and tested the Ichimoku cloud base near 0.6870. The strategist notes downside… UOB’s Quek Ser Leang highlights a weakening technical backdrop for AUD/USD after the pair broke below a rising wedge and tested the Ichimoku cloud base near 0.6870. UOB’s Quek Ser Leang highlights a weakening technical backdrop for AUD/USD after the pair broke below a rising wedge and tested the Ichimoku cloud base near 0.6870. The strategist notes downside risks toward 0.6765 if the 0.6850/0.6870 support zone gives way, while resistance is seen at 0.6960 and 0.7030, keeping the overall bias negative.Downside risks focus on 0.6765"AUD/USD rose to a high of 0.7188 in mid-March and then retreated. On… For traders, the practical value is less about the headline alone and more about how it changes context, sentiment and the quality of the next decision. Watch follow-through, not just the first reaction: liquidity, volatility and confirmation across related assets usually tell the real story.