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AUD/USD lift stalls at 55 DMA caps, commodities weigh

  • AUD/USD overnight lift stalls short of 55-DMA, it's capped rallies lately

  • US Treasury yield slip allowing a bounce, pair choppy but with bearish tint

  • Heavy copper & iron-ore aid weigh on AUD, pair dips toward 0.7720 bids, more bids 0.7700

  • Fed is key, if Sep lift-off odds lowered shorts cover, 0.7825/40 might break

  • If Sep lift-off on track return to 0.7600 area likely as RBA leans dovish

  • Market Data
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