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

Wednesday, June 24, 2015 12:54 PM UTC

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

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

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