Strong resistance for AUD/USD is seen around 0.6300 - UOB

According to the economist and markets strategist at UOB Group, a decline in the AUD/USD currency below the 0.6300 level now seems unlikely.

Key Phrases
In yesterday's commentary, some stated that "there is still a chance for AUD to test 0.6340." Our prediction did not come true as it continued to quietly trade between 0.6363 and 0.6394 before finishing essentially unchanged (0.6377, -0.09%). Momentum indicators are shifting to the "flat" side, and the Australian dollar may continue to move in a range, most likely between 0.6355 and 0.6400. 

Within the next three weeks: Our most recent report says that two days ago on Sept. 6, the spot price of 0.6375, we stated that "while further AUD weakness appears likely, the likelihood of it breaking clearly below 0.6300 is not high." The preceding few days have seen relatively little activity in the AUD market. For the time being, we still retain the same opinion. On the plus side, a break above 0.6430 (which remains the strong resistance level from yesterday) would suggest that the Australian dollar is not losing any more ground.