• NY opened near 0.6895, the pair fell towards 0.68858 early, buyers then emerged

• Downside surprise to US June jobs report weighed down USD, US yields

• Gold, silver, copper & equities rallied while USD/CNH fell to 6.7840

• AUD/USD spiked up, rallied above the 10-DMA, hit a 7-session high of 0.6943

• Stocks, gold, silver then gave back some gains & the USD firmed up a bit

• AUD/USD pulled back from the high, neared 0.6925 late, was up +0.41%

• Rising daily, monthly RSIs & move above the 10-DMA give bulls some comfort
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)