AUD/USD sticks to the range-bound trade below the mid-0.6300s ahead of Fed rate decision

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• AUD/USD faces some range-bound trade below the mid-0.6300s on Wednesday.
• The markets anticipate that the FOMC will leave interest rates unchanged at its November meeting.
• The Middle East geopolitical tensions and the downbeat Chinese data weighed on the Aussie.
• The FOMC interest rate decision and FOMC press conference will be in the spotlight.

The AUD/USD pair sticks to a range-bound trade during the early Asian session on Wednesday. Appetite for risk assets elsewhere was subdued ahead of the Federal Open Market Committee (FOMC) announcement, with no change in rates expected. The pair currently trades around 0.6334, losing 0.04% for the day.