• AUD/USD fell toward the 10-DMA overnight, 0.7115 traded in Asia

• Pair fell as ceasefire between US, Iran appeared to be at risk of falling apart

• USD, US yields , oil rallied on risk-off sentiment

• Risk sentiment improved a bit however & USD softened while riskier assets firmed

• USD/CNH fell from its 6.8280 high while gold, silver, stocks rallied off their lows

• AUD/USD hit 0.7165 in Europe's morning, NY opened near 0.7155, was down -0.17%

• Daily RSI is falling but a bull hammer candle formed after AUD/USD's lift off its low

• Bull hammer follows Friday's inverted hammer, suggests possible consolidation

• Rising monthly RSI, pair's hold above 10-DMA & daily cloud are bullish signals
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)