• Narrow ranges define AUD/USD during NY session (0.6345-72)

• Bulls lack impetus to take pair above 0.6400

• Support sits at 0.6330. Break would be a concern for bulls

• Month-end FX hedge rebalancing expectations favour USD demand

• SPX reclaims 6000 but sentiment remains fragile

• Froth begins to come out of China stocks
AUDUSD hourly chart

(Justin McQueen is a Reuters market analyst. The views expressed are his own.)