• NY opened near 0.6400 after 0.63685 traded overnight, rally then extended in NY

• tight range held early but bulls charged after downbeat April Dallas Fed mfg data

• Yields turned lower & US$ was sold broadly; USD/CNH fell to 7.2835

• Stocks drop & gold rally reinforced selling of the US$

• AUD/USD traded a 3-session high of 0.6429, was up +0.33% late in the session

• Techs are bullish; RSIs rising, consolidation persists, monthly bull hammer in place
audusd


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