• AUD/USD hit 0.6913 in Asia, buyers emerged, the pair then turned positive

• 0.6953 traded in Europe's morning, NY opened near 0.6945, pair was up +0.37%

• Australian consumer confidence & business conditions helped the pair rally

• Broad-based USD selling also contributed to the pair's gains

• Rallies in gold , silver , copper also aided AUD/USD gains

• The pair pierced the 21-DMA before pulling back but remained above the 10-DMA

• AUD/USD stuck in its recent range but rising daily, monthly RSIs give bulls comfort

• Investors await US June CPI, downside surprises could drive AUD/USD upward
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)