• NY opened near 0.6430 after pair rallied 0.6382-0.6445 overnight, pair dropped early

• 0.6415 hit after the US$ and yields rallied after the US April payroll report

• Buyers emerged; risk-on sank the US$; USD/CNH fell to 7.2098, stock & gold rallied

• AUD/USD rallied through the April 29 high & 200-DMA, hit a 5-month high of 0.6470

• US$ firmed again as yields rallied further; AUD/USD neared 0.6445 late, was up +0.94%

• Techs are bullish; RSIs rising, consolidation resolves with new up trend high struck

• Rally following April's monthly bull hammer candle reinforces bullish signals
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)