• 0.7176-0.7151 traded overnight, a 7-session low was struck

• The drop was aided by US yield gains, AUD/JPY drop

• AUD/USD rallied off the low, neared 0.7170, was up +0.18% early NY

• Gold, silver, equities rallies & USD/CNH drop helped lift AUD/USD

• The pair rallied back above the 21-DMA, daily RSI diverged on today's low

• US Aug. CPI in focus, an above estimate result could send AUD/USD down
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)