• NY opened near 0.6930 after AUD/USD held a tight 0.6926-0.6945 range overnight

• The pair rallied in NY due to upbeat risk sentiment & soft USD, US yields

• Gains in gold, silver, copper, equities & UDS/CNH's drop to 6.7935 buoyed risk

• AUD/USD hit 0.6947 and held nearby late in the day, the pair traded up +0.22%

• Daily RSI, AUD/UD's hold above the 10- & 200-DMA are encouraging signs for bulls

• AUD/USD's hold below the 21-DMA, 0.6980-0.7010 resistance are concerns for bulls
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)