• NY opened near 0.6940 after 0.6913 traded overnight, the rally then extended

• The June US CPI downside surprise sent the USD, US yields

down

• Gold, silver, copper, equities rallied while USD/CNH fell down to 6.7691

• AUD/USD rallied above the 21-DMA and probed the 0.6975-0.7010 resistance zone

• 0.6992 traded, the pair pulled slightly back during Fed Chair Warsh's testimony

• The pair sat near 0.6975 late, it traded up +0.84% in NY's afternoon

• Rising daily, monthly RSIs & AUD/USD's hold above 10- & 21-DMAs are bullish signals
audusd


(Christopher Romano is a Reuters market analyst. The views expressed are his own)