• AUD/USD hit a 12-session low overnight on USD buying, US yield gains

• Higher oil prices also weighed; the pair hit 0.7118, buyers then emerged

• USD selling took hold while gold, silver turned up & stocks bounced; fhelped uel the lift

• USD/CNH drop from 6.8216 toward 6.7975 helped added buoyancy to AUD/USD

• The pair turned positive, hit 0.7165, NY opened near 0.7155, pair was up +0.08%

• Daily techs warn bears for now; RSI diverged on the low, daily bull hammer formed

• Monthly techs lean bearish; RSI is falling, monthly inverted hammer in place
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)