• AUD/USD fell to 0.62615 in Asia then traded 0.6286 in Europe's morning

• Rally aided by USD/CNH drop from its session high & AUD/JPY gains

• NY opened near 0.6275, AUD/USD traded down -0.06% in early action

• Commodity & equity drops weighed on AUD/USD

• US yield , US$ gains also helped AUD/USD trade lower

• Pair hemmed between 10- & 21-DMAs below, daily cloud & 55-DMA above

• Fed Chair Powell's semiannual testimony helped keep the range tight

• Remarks from Fed's Hammack, Williams may also impact risk Tuesday
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)