• AUD/USD hit a 2-1/2-month low of 0.6875 in Asia on broad-based USD buying

• USD/CNH rally to 6.8094 and drop in equities also helped weigh

• The USD buying abated however & selling emerged, AUD/USD rallied off the low

• Drop in US yields , rallies in gold, silver, copper helped lift AUD/USD

• The pair neared 0.6905 into NY's open, AUD/USD traded down only -0.11%

• Daily RSI didn't confirm the low, daily bull hammer formed; worries for bears

• Falling monthly RSI, AUD/USD below 10- & 21-DMAs gives bears comfort though
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)