• NY opened near 0.7075 after 0.7056 traded overnight, rally extended early NY

• Downbeat US July retail sales sank the USD & US yields

• Gold, silver, copper rallied & USD/CNH fell towards 6.7400

• AUD/USD rallied above the 50% Fib of 0.7277-0.6867, hit 2-1/2-month high of 0.7095

• Then US dollar, yields, USD/CNH then moved upward & gold, silver eroded some gains

• AUD/USD neared 0.7080 late in the session, it traded up +0.28% in NY's afternoon

• Techs lean bullish; pair held above the 50% Fibo & the 10-, 21- & 55-DMAs

• Rising RSIs & August's monthly bull hammer reinforce bullish tech signals
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)