• AUD/USD fell in Asia, traded 0.7011-0.6986, buyers then emerged

• The pair neared flat into NY's open and traded near 0.7005

• Lift ensued despite firm US yields & gold, silver drops

• USD/CNH fall from its 6.7721 high & copper gains helped lift AUD/USD

• AUD/USD rallied back above the down trend line off the May 13 high

• A daily long legged doji formed which suggests bulls have the advantage

• June retail sales, weekly jobless claims, July Philly Fed are data risks
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)