AUD/USD Rebounds from Range Low After Hawkish FOMC Minutes

AUD/USD has bounced back from its recent range low following the release of hawkish-leaning FOMC minutes, which initially pressured the pair before buyers stepped in at key support. The minutes revealed that Federal Reserve officials remain cautious about cutting rates prematurely, with several members emphasizing the need for further evidence of sustained disinflation before adjusting policy. Despite the hawkish tone supporting the US dollar broadly, AUD/USD found technical support near the bottom of its established trading range, triggering a relief bounce. Crude oil WTI futures also played a role, as stabilizing energy prices lent indirect support to the risk-sensitive Australian dollar. The Fed's stance reinforces expectations that US interest rates will remain elevated for longer, which could cap AUD/USD upside in the medium term. Technically, the pair's ability to hold range support is encouraging for bulls, but a decisive break above the range midpoint is needed to confirm further recovery. Traders should watch upcoming Australian employment data and US inflation prints for the next directional catalyst.