• NY opened near 0.7190 after 0.7184 traded overnight, pair rallied in early NY action

• Risk rallied on report Iran sent another proposal to the US via Pakistan

• Gold, silver, stocks rallied while oil, USD, US yields & USD/CNH traded downward

• AUD/USD rallied to a 4-year high of 0.7228, selling took hold however

• Pres. Trump said he wasn't satisfied with Iran's latest proposal; risk soured a bit

• USD, yields, oil & USD/CNH firmed up while stocks & precious metals gave up some gains

• AUD/USD neared 0.7205 late in the session, the pair traded up only +0.04% late

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