AUDUSD Chart Technical Outlook struggles near 0.6460 on downbeat Australian CPI, focus shifts to US data.
•AUD/USD weakened on disappointing Australia’s inflation.
•Australian CPI declined to a 17-month low; investors expect no interest rate hike by the RBA.
• The US Dollar (USD) weakened due to dovish sentiment surrounding the Fed policy decision.
AUD/USD retreats from a two-day winning streak, trading around 0.6460 at the time of writing during the European session on Wednesday. The pair is experiencing downward pressure due to the downbeat macroeconomic data from Australia released on early Wednesday, The short-term target for buy is 0.6568