• NY opened near 0.7130 after 0.7100 traded overnight, pair fell in early NY

• Firm USD, US yields , USD/CNH & oil weighed on the pair

• 0.71156 was neared but bears ran out of gas as USD, US yield rallies halted

• Risk-on took hold; USD, yields, USD/CNH moved downward & oil turned lower

• Gold, silver, copper & equities erased losses and turned positive on the session

• AUD/USD turned positive, hit 0.7168, traded up +0.14% late in the day

• Pair is below the 10- & 21-DMAs, monthly RSI falling, may be worries for bulls

• AUD/USD's hold above the 55-DMA, rising daily RSI gives bulls some hope
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)