The AUD/USD pair continues with its struggle to gain any meaningful traction and extends sideways consolidative price moves during the Asian session on Wednesday. Spot prices move little following the release of the latest consumer inflation figure from Australia and currently trade around the 0.7000 psychological mark, nearly unchanged for the day.

The Australian Bureau of Statistics (ABS) reported that the headline Consumer Price Index (CPI) climbed by 3.7% year-over-year (YoY) in Februar