• NY opened near 0.7010 after 0.7036 traded overnight, the drop then extended

• USD buying, firm US yields & gold, stocks drops weighed on the pair

• Copper, silver drops reinforced risk-off sentiment, AUD/USD hit 0.6995

• The pair's fall halted. buying then emerged as the dollar, yields moved downward

• AUD/USD sat near 0.7220 in NY's afternoon, traded down only -0.14%

• Daily, monthly bull hammers, hold above 10- & 21-DMAs are bull signals

• Rising monthly RSI, bull pennant on monthly chart add to bull signals
audusd

(Christopher Romano is a Reuters market analyst. The views expressed are his own)