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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 Ral…

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  • 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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Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560