• NY opened near 0.6960 after 0.6984 traded overnight, pair fell in early NY

• USD, US yield , USD/CNH gains weighed, AUD/USD hit 0.6943

• The pair began lifting though as USD selling emerged & yields softened

• Upward moves in copper, gold, silver & equities also helped lift AUD/USD

• The pair sat near 0.6965 late in the day, traded down only -0.28%

• Falling daily RSI, pair's hold below the 10-DMA are concerns for bulls

• Rising monthly RSI, bull pennant on monthly charts give bulls some comfort
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)