• AUD/USD traded 0.7056-0.7078 overnight, NY opened near that high

• The pair traded up +0.22% in early NY on the back of broad-based USD selling

• USD sank despite firmer US yields and a drop in gold

• AUD/USD rallied back above the 50% Fib of 0.7277-0.6867

• Techs lean bullish; consolidation persists, RSIs rising, pair above 10-, 21- & 55-DMAs

• The monthly bull hammer candle for August reinforces the bullish tech signals

• US July retail sales, Aug. University of Michigan are data risks in NY's morning
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)