AUD/USD Slightly Recovers but Remains Below Key Resistance
The Australian Dollar (AUD) has regained some ground on Wednesday after a notable decline of 0.70% over the previous two days. A stronger-than-expected Australian CPI reading has offered support to the AUD. However, it still trades below the crucial resistance zone around 0.6450 to 0.6460. This suggests that the bearish trend remains intact. Traders should closely monitor developments that may influence the Aussie dollar in the near term.