• AUD/USD fails to cheer USD pullback, stays pressured around six-week low.
• RBA’s rejection of rate hike precedes subdued Q3 Australian wage growth data to back the bears.
• Fed tapering concerns remain elevated but US Treasury yields retreat amid a lack of major data/events.
• RBA’s Ellis will be eyed to confirm the bearish bias ahead of US second-tier data.

AUD/USD grinds lower around the six-week bottom, taking rounds to 0.7265 during Thursday’s initial Asian session. In doing so, the Aussie pair drops for the third consecutive day amid sour sentiment and receding odds of the Reserve Bank of Australia’s (RBA) rate hike.

Although the US Dollar Index (DXY) track Treasury yields in stepping back from the multi-day high, the AUD/USD prices remain pressured and dropped to the lowest levels since early October as the Aussie wage price data backed RBA’s rejection of rate lift the previous day.