(Adds "October" to line 8)

• 0.6954 traded in Asia, rally ensued as US elections results filtered in

• US dollar, yields fell as Democrats swept congress

• Rallies in gold, silver, stocks reinforced the USD selling theme

• AUD/USD rallied above the 10-DMA, pierced the 21-DMA, hit 0.7022

• NY opened near 0.7010, AUD/USD traded up +0.65% in early action

• Daily RSI diverged on today's low, bull engulfing candle formed

• Monthly bull hammer is now in place for November

• US October ISM non-manufacturing PMI is a data risk in NY's morning
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)