• NY opened near 0.6990 after 0.6966 traded overnight, the pair neared 0.6975 early

• Buyers emerged as USD, US yields , USD/CNH moved downward

• Gold, silver, copper & silver rallies added weight on the USD & buoyed AUD/USD

• 0.7001 traded but some gains eroded, the pair neared 0.6985 late, was up +0.24%

• Erosion of some gains for stocks, gold & silver helped AUD/USD slip from its high

• Techs lean bullish, pair held above 10- & 21-DMAs & is consolidating recent gains

• Rising monthly RSI and hold above the 200-DMA reinforce bullish signals
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)