• AUD/USD fell below the 10-DMA overnight, hit 0.7153, buyers then emerged

• Drops in Us yields , oil helped drive a bid for riskier assets

• Gold , silver , copper rallied & USD/CNH hit a 3-1/4-year low

• AUD/USD pierced the 21-DMA, hit 0.7186, NY opened nearby, pair was up +0.31%

• The pair's rally stalled short of key resistance in the 0.7200 area

• Break of that resistance suggests head & shoulders pattern on daily chart is negated

• US April JOLTS is a data risk in NY's morning
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)