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AUD/USD rally fades on firm USD, 200-HMA attracts

  • Commodity boost fades, AUD/USD choppy range likely as no OZ data due

  • Bounces in iron-ore & copper work with wider yield spreads to lift near 0.7770

  • Trend-Line off Apr low defines bottom, daily cloud base caps the top

  • Rally fades though as USD begins firming in early NY, 200-HMA attracts

  • Offers into 0.7770/80 then 0.7800, bids 0.7710 & 0.7680/85

  • Market Data
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