• AUD/USD hit 0.7043 in Europe's morning then rallied to 0.7079 in early NY

• The pair then traded within the 0.7064-0.7079 zone for the rest of the session

• Lower US yields , drop in USD/CNH helped AUD/USD lift off its low

• Rallies in gold & silver added buoyancy as did AUD/JPY's rally above 113.50

• AUD/USD traded near flat in NY's afternoon as investors await the Fed Wednesday

• Long legged daily doji, pair above trend line off the Dec. 18 low are bull signals

• Falling monthly RSI, hold below 0.7100 are concerns for AUD/USD bulls though
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)