• NY opened near 0.7235 after 0.7200 traded overnight, rally extended in NY

• USD, US yields softened after the US April employment report

• USD/CNH hit a fresh session low while gold, silver and stocks rallied sharply

• AUD/USD traded 0.7249 before dipping slightly, it sat near 0.7245 late in the day

• Techs lean bullish; RSIs are rising, pair trades above the rising 10- & 21-DMAs

• Consolidation on daily chart & widening 20-month Bolli bands add to bull signals
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)