AUD / USD drop from May 10 peak breaks the tl off April’s low, 55-DMA
Pair stalls short of the May 4 daily low, sharp bounce takes hold
Bounce extends above the 55-DMA, extends to test the bottom of the tI
Daily doji candle forms, implies pause in recent bear trend or reversal due
Above f / c April US PPI reinforces inflation concerns, US $ rally extension
US April sales USRSL = ECI due Friday, if upbeat AUD / USD might sink again
Break of key 0.7675 / 80 support could lead to test of April monthly low
