AUD/USD drops towards 0.6430 resistance-turned-support on downbeat Australia inflation, US macros eyed

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• AUD/USD takes offers to refresh intraday low, snaps two-day winning streak on downbeat Australia data.
• Australia inflation, housing numbers disappoint Aussie bulls, challenge incoming RBA Governor’s hawkish bias.
• China concerns, consolidation for US data also weigh on Aussie pair.

AUD/USD slides nearly 25 pips to 0.6450 on the downbeat Australia inflation and housing numbers early Wednesday. Adding strength to the pullback moves could be the fresh challenges about the US-China ties and the market’s consolidation of the previous day’s moves against the US Dollar, especially when the top-tier employment, growth and inflation clues are on the calendar.