AUD/USD Stuck Below 0.6550 on Cautious RBA and Strong Dollar

AUD/USD is consolidating near 0.6535, down 0.2% (13 pips) in today's session, as the Australian dollar struggles against a resilient US dollar and cautious Reserve Bank of Australia stance. The RBA's recent minutes revealed a more balanced approach to inflation risks, dampening expectations for aggressive rate hikes. Meanwhile, the US dollar found support from ongoing government shutdown negotiations being resolved, reducing immediate fiscal uncertainty. Technical analysis shows the pair trapped in a narrow range, with resistance firmly established at 0.6550 and support at 0.6500. The 200-day moving average at 0.6580 continues to cap any meaningful rallies. Australian employment data due Thursday could provide the catalyst for a directional move, though bearish momentum appears to be building. Without a clear break above 0.6550, the path of least resistance remains lower, with 0.6480 as the next downside target for traders to monitor.