• NY opened near 0.6945 after AUD/USD traded 0.6934-0.6969 overnight

• The pair traded in choppy fashion early but bulls eventually took control

• Broad-based USD selling, USD/CNH drop to 6.7766 helped to lift AUD/USD

• Copper gains & erosion of some losses in gold, silver contributed to the lift

• AUD/UD hit 0.6965, neared 0.6955 late and traded up +0.20% late in the day

• Rising daily, monthly RSIs & pair's hold above the 10-DMA give bulls comfort
audusd


(Christopher Romano is a Reuters market analyst. The views expressed are his own)