• AUD/USD held a tight range overnight, traded 0.7152-0.7182, NY opened near 0.7170

• The pair was up +0.10% & held within Thursday's daily range, suggests consolidation

• Drop in oil , rally in equities , silver

helped buoy the pair

• Techs lean bullish; pair holds above daily cloud and a slew of daily MAs

• Rising monthly RSI, pair's hold above 120-month MA reinforce bullish tech signals

• Remarks from Fed's Daly, Barkin, Waller may impact risk during NY trading
AUD/USD daily chart:


(Christopher Romano is a Reuters market analyst. The views expressed are his own)