(Adds line on report of Trump's tariff rhetoric)

• AUD/USD gapped lower to open the week, opened near 0.6265 then fell further

• 0.6230 hit in Asia on soured risk, US$ gains & USD/CNH rally to 7.3174

• Pres. Trump's latest tariff threat was the key driver of risk-off sentiment

• AUD/USD buyers emerged however as US$ buying abated & risk improved

• Commodity , equity gains helped buoy AUD/USD

• Pair hit 0.6284 despite US yield gains; NY opened near 0.6275

• AUD/USD traded close to flat in early NY action which had techs lean bullish

• Daily long legged doji, monthly bull hammer, rising monthly RSI are bullish

• Remarks from Fed's Goolsbee may impact risk Monday

• Fed Chair Powell delivers semiannual testimony to congress Tues. & Wed.
audusd

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