Germany HCOB Services PMI came in at 46.9 below forecasts (50.3) in April

United Overseas Bank (UOB) Strategists Quek Ser Leang and Lee Sue Ann expect AUD/USD to stay confined intraday between 0.7130 and 0.7180 after a quieter-than-expected session. Over 1–3 weeks, they continue to frame price action as part of a 0.7060–0.7210 range.