<body><div><figure><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=36rzai_0vCgX2Pg00" alt="https://img.particlenews.com/image.php?url=36rzai_0vCgX2Pg00" width="1000" height="750" ></figure>The Australian dollar faced resistance following the release of the Consumer Price Index (CPI) data. While the annual inflation rate of 3.5% showed a decline from the previous quarter, it fell short of expectations.Initially, the AUD/USD surged in response to the news. However, the price quickly retraced, suggesting that the market may have been disappointed by the slower-than-expected inflation rate.<figure><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=2lEg8m_0vCgX2Pg00" alt="https://img.particlenews.com/image.php?url=2lEg8m_0vCgX2Pg00" width="2048" height="1125" ></figure>A technical analysis of the 4-hour AUD/USD chart provides further insights. Despite a recent uptrend, the price has encountered resistance at the 0.680 level, a previous high. The failed breakout attempt and the bearish divergence on the RSI indicator suggest that the bullish momentum may be waning.While the ascending channel remains supportive for the AUD/USD, the inability to break above 0.680 could lead to a potential correction towards the lower boundary of the channel.FXOpen offers spreads from 0.0 pips and commissions from $1.50 per lot. Enjoy trading on MT4, MT5, TickTrader or TradingView trading platforms!This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.The subject matter and the content of this article are solely the views of the author. FinanceFeeds does not bear any legal responsibility for the content of this article and they do not reflect the viewpoint of FinanceFeeds or its editorial staff.</div></body>

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The Australian dollar faced resistance following the release of the Consumer Price Index (CPI) data. While the annual inflation rate of 3.5% showed a decline from the previous quarter, it fell short of expectations. Initially, the AUD/USD surged in response to the news. However, the price quickly retraced, suggesting that...

AUD/USD Stumbles After CPI Release

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The Australian dollar faced resistance following the release of the Consumer Price Index (CPI) data. While the annual inflation rate of 3.5% showed a decli

AUD/USD Stumbles After CPI Release

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