The AUD/USD currency pair was flat on Monday morning as traders continued focusing on the upcoming Federal Reserve and Reserve Bank of Australia (RBA) decisions. The pair was trading at the psychologically-important resistance point at 0.6700, higher than last week’s low of 0.6620 also The Australian Dollar appreciates due to a slight increase in the odds of a 50 basis points Fed rate cut. The Aussie Dollar receives support from the RBA’s hawkish stance. The US Dollar faces challenges as the Treasury yields decline amid uncertainty over the scale of the Fed rate cut. The Australian Dollar (AUD) inches higher against the US Dollar (USD) on Monday. The AUD/USD pair may appreciate further due to growing speculation that the US Federal Reserve will opt for a jumbo 50 basis points rate cut at this week’s monetary policy meeting. Traders are anticipating a release of Australian jobs data later this week to assess the health of the labor market and its potential impact on domestic monetary policy.