AUD/USD Rises Above 0.6500 on RBA Hawkish Stance and Dollar Weakness

AUD/USD has gained 0.4% to trade at 0.6520, supported by the Reserve Bank of Australia's persistently hawkish monetary policy stance and broad US dollar weakness. The RBA's reluctance to signal rate cuts contrasts sharply with other major central banks, maintaining Australia's yield advantage. Recent Australian employment data showed unemployment holding steady at 4.1%, reinforcing the central bank's cautious approach to easing policy. China's latest stimulus measures have provided additional support for the commodity-linked Aussie dollar. Technical analysis shows immediate resistance at 0.6550, with the 50-day moving average providing dynamic support at 0.6485. A sustained break above 0.6550 could open the path toward 0.6600, while failure to hold above 0.6500 might trigger a retest of recent lows near 0.6450. Traders are positioning for potential further gains if upcoming Australian inflation data supports the RBA's hawkish bias.