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• NY opened near 0.7165 after 0.7155 traded overnight, pair rallied early

• USD, US yields traded softly, helped AUD/USD hit 0.7176

• Equity gains & USD/CNH drop helped underpin the pair's rally

• Sellers emerged however as USD firmed up & yields moved upward

• Gold and silver traded down, USD/CNH turned up & stocks eroded some gains

• AUD/USD neared 0.7160 late in the day, the pair traded down -0.17% in NY's afternoon

• Falling RSIS, pair's hold below the 10- & 21-DMAs are bearish tech signals
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)