• NY opened near 0.6985 after 0.6971 traded overnight, rally extended early on

• Broad-based USD selling, US yield drops & copper, silver, stock gains lifted AUD/USD

• A 15-session high of 0.7017 traded, the rally stalled and some gains were eroded

• USD, US yields firmed up & stocks gave up some gains and gold traded down

• AUD/USD neared 0.6995 late, the pair was up +0.24% in NY's afternoon

• Techs lean bullish; RSIs indicate upward momentum, pair above 10- & 21-DMAs

• Monthly bull hammer, bull pennant on monthly chart reinforce the bullish signals
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)