The AUD/USD currency pair is encountering considerable selling pressure after facing rejection at the 0.6300 resistance level during Wednesday’s session. Currently, the Aussie dollar is trading down around 0.6270. The US Dollar Index remains relatively stable around the key 108.00 level as traders anticipate the upcoming Consumer Price Index data. This announcement is set to have a significant influence on currency movements, particularly for AUD/USD. It is crucial for both investors and traders to remain vigilant as market dynamics shift in response to this pivotal economic update.