AUD/USD rallied to a 4-session high in early NY, traded 0.66685

Pair rallied through the up trend line off March 10 low, hit the 10-DMA

Sellers emerged as US rate SRAU3 gains drove broad based US$ buying

AUD/USD traded back below the rising trend line, neared 0.6630

Pair still up on the session however, traded up +0.25% in NY's afternoon

Daily inverted hammer candle formed however, is a concern for recent longs

Today's hammer candle suggests AUD/USD bears may still be in control

Hammer occurring near the 10-DMA & trend line give it more credence

For more click on FXBUZ