• AUD/USD hit 0.7086 in Asia, sellers emerged, 0.7054 traded in Europe's morning

• NY opened near 0.7065, the pair traded down -0.25% in early action

• Lower US yields , USD/CNH slide from its high helped contain losses

• Gold's drop & AUD/JPY turn lower helped to limit AUD/USD's topside

• AUD/USD traded within Thursday's daily range but above the 55-DMA, daily cloud

• Daily RSI is falling but monthly RSI is rising & pair may now be consolidating recent gains

• March CPI & April U of Michigan survey are key data risks in NY's morning
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)