AUD/USD retreats sharply from 0.6500, back inside the consolidation range

  • The Australian Dollar (AUD) is trading near 0.6435 against the US Dollar (USD) on Wednesday, down almost 1%, after failing to break above the 0.6500 psychological level. The pair reversed sharply from the session high and has slid back into its familiar consolidation range, reflecting renewed pressure on the Aussie.