AUD/USD (daily chart as of June 16, 2015) has been under pressure below the 50-day EMA since late May. The pair had two attempts to break out of the 50-day EMA, but both failed (two gray rectangle shapes on chart). The first attempt occurred on March 23 and only lasted for three trading sessions. The second attempt occurred on April 28 and lasted for about 20 trading sessions under the pressure of 200-day EMA.

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