• AUD/USD rallied 0.7081-0.7129 overnight, traded its highest since June 5

• NY opened near 0.7125, the pair traded up +0.61% in early action

• Broad-based USD selling, US yield & USD/CNH drops buoyed

• Rallies in gold, silver, copper & equities contributed to lifting AUD/USD

• Immediate resistance near 0.7150 but bigger resistance sits 0.7180/0.7200

• 76.4% Fib of 0.7277-0.6867, series of daily highs from May-June sit in that zone

• Techs are bullish; RSIs rising and not overbought, monthly bull hammer in place

• AUD/USD's hold above 10-, 21- & 55-DMAs reinforces the bullish signals
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)