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The Australian Dollar recovered some territory against the US Dollar yet fell shy of reclaiming key technical resistance levels after Thursday’s US inflation data capped the Greenback's advance.
China’s Consumer Price Index (CPI) rose 0.1% YoY in March after reporting a 0.7% growth in February.
The AUD/USD pair finds an interim support near the psychological level of 0.6500 in Thursday’s early European session.
The AUD/USD pair oscillates in a narrow trading range during the Asian session on Thursday and consolidates the previous day's hotter US CPI-inspired slump to over a one-week low.
The continuation of the upward bias in the US Dollar (USD) did not prevent its Australian counterpart from regaining some balance and encouraged the AUD/USD to print decent gains beyond 0.6500 on Thursday.