AUD/USD likely to remain on the defensive in Asia after recovery fades Wed

Weighed down by slightly higher U.S. yields, geopolitical concerns

Fed rate cut expectations scaled back amid inflation concerns, undermine AUD

Chances of Fed 25-bps cut in Dec at 54%, was 83% last week-CME Fedwatch Tool

RBA's hawkish stance limits AUD downside; central bank in no rush to ease

0.6450-0.6550 range likely as clarity on Trump policies, Fed outlook sought

Speeches by BOJ Governor Ueda and RBA Governor Bullock awaited Thursday

Support 0.6480-85, 0.6440-50, resistance 0.6520-25, 0.6545-50, 0.6565

Tuesday range 0.6485-0.6545

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