Group 1 - The Australian dollar (AUD) is trading weakly around 0.6550 against the US dollar (USD), with a current exchange rate of 0.6541, reflecting a decline of 0.15% [1] - The market has downgraded expectations for a Federal Reserve rate cut in December, leading to a stronger USD, which has pressured the AUD [1] - China's official manufacturing PMI data for October showed weak performance, negatively impacting market sentiment and contributing to the pressure on the AUD [1] Group 2 - The Australian inflation report dampens hopes for a rate cut by the Reserve Bank of Australia (RBA) this year, with the probability of a 25 basis point cut to 3.35% on November 4 nearly zero [1] - Economists surveyed expect the RBA to maintain the current rate of 3.60%, with the benchmark rate projected to bottom out at 3.35% by mid-next year [1] - Westpac's chief economist suggests that there is still room for two more 25 basis point cuts next year, with the first potentially in May and the second in August [1] Group 3 - Technical analysis indicates that the AUD/USD is currently in a neutral trend, trading within a rectangular consolidation pattern [2] - Initial resistance is at the psychological level of 0.6600, followed by the upper boundary of the rectangle around 0.6630; a breakout could lead to a bullish trend towards the yearly high of 0.6707 [2] - Key support is at the 9-day EMA level of 0.6544; a drop below this support could weaken short- and medium-term price momentum, potentially leading to a decline towards the lower boundary of the rectangle around 0.6450 [2]

Group 1 - The Australian dollar (AUD) is currently trading at around 0.65 against the US dollar (USD), showing a slight decline of 0.04% from the previous close of 0.6524 [1] - Investors are closely monitoring the upcoming Reserve Bank of Australia (RBA) interest rate decision, with expectations of a 25 basis point cut to 4.00% [1] - Market sentiment is influenced by the anticipated monetary policy changes in the US, particularly with the Trump administration initiating the selection process for the Federal Reserve Chair, which has led to expectations of continued accommodative monetary policy [1] Group 2 - The AUD/USD has resistance levels at 0.6625 (year-to-date high on July 24) and 0.6687 (November 2024 high), with a key psychological level at 0.7000 [2] - Support levels for the AUD/USD are found at 0.6418 (August low), 0.6390 (200-day simple moving average), and 0.6372 (June low) [2] - Technical indicators show a slight downward bias with the Relative Strength Index (RSI) around 45 and the Average Directional Index (ADX) at 19, indicating a lack of clear trend momentum [2]