• NY opened near 0.6900, after 0.6856 traded overnight, rally then extended

• After an early dip toward 0.6890 buyers emerged as USD & USD/CNH moved down

• Rallies in gold, silver, copper, stocks & drop in oil helped drive risk-on sentiment

• AUD/USD hit 0.6915, sat nearby late, traded up +0.84% in NY's afternoon

• Rising daily RSI, daily bull hammer candle fuel confidence for AUD/USD bulls

• Falling monthly RSI, hold below pennant base on monthly charts are concerns however

• US October CPI is a key data risk in NY's morning on Tuesday
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)