AUD/USD Price Analysis: Holds onto recovery ahead of Aussie Inflation, US GDP data

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• AUD/USD advances to near 0.6380 despite a strong recovery in the US Dollar and bond yields.
• The Australian Dollar will remain on tenterhooks amid the release of the Q3 inflation data.
• A breakout of the Descending Triangle chart pattern results in wider ticks and heavy volume.

The AUD/USD pair finds an interim resistance after extending recovery to near 0.6380 in the early New York session. The Aussie asset holds onto recovery despite a sharp recovery in the US Dollar and 10-year US Treasury yields, which demonstrates strength in the Australian Dollar.