On the daily chart, we can see that AUDUSD managed to erase most of the losses from the US CPI release and almost reached the trendline resistance around the 0.66 handle. The price couldn’t push right into it as the pair rolled over before that. We are now back at the key support zone around the 0.6520 level where the buyers will look to step in with a defined risk below it to position for a break above the trendline and a rally into the 0.6623 level. The sellers, on the other hand, will want to see the price breaking lower to increase the bearish bets into the 0.6272 level.