• NY opened near 0.7115 after 0.7098 traded in Europe's morning

• Pair rallied as USD, yields softened after PCE, jobless claims

• Rally intensified on report US-Iran might extend ceasefire for 60-days

• USD fell sharply, yields turned lower, USD/CNH hit a fresh 3-1/4- year low

• Gold , silver , stocks rallied to reinforce risk-on sentiment

• AUD/USD rallied above the 10-DMA, hit 0.7170, was up +0.34% in NY's afternoon

• Daily RSI diverged on today's low and a daily bull hammer candle formed
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)