• NY opened near 0.6970 after AUD/UD traded 0.7001-0.6966 overnight

• Firm USD, drops in gold, silver, equities sent the pair lower early

• Buyers emerged however as gold, silver turned positive, stocks moved upward

• USD/CNH's drop from its 6.7816 high added buoyancy to the pair

• 0.6990 neared in NY's afternoon, AUD/USD was down only -0.19% late in the day

• AUD/USD's hold above 10- & 21-DMA & rising monthly RSI are encouraging for bulls
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)