AUD/USD ended last week at 0.6362, down 0.42%, near one-year lows, influenced by the RBA's dovish pivot and strong domestic jobs data. The pair's decline accelerated after the RBA indicated confidence in declining inflation, raising the likelihood of a February interest rate cut to 65%. As the US dollar strengthened due to positive CPI and PPI readings, AUD/USD's volatility continued, with a critical support zone at 0.6370-0.6335. Holding above this level could lead to a bounce towards 0.6450-0.6470, while a drop below may test lower levels.