• 0.7044-0.7067 traded overnight, NY opened near 0.7055, down -0.13%

• Balanced risks helped to keep the range tight ahead of US July PPI

• USD, US yield , USD/CNH drops helped limit the downside

• Price drops in gold, silver and copper helped to limit AUD/USD's topside

• The pair held above the 10-DMA but below the 50% Fib of 0.7277-0.6867

• Rising monthly RSI, pair's hold above 10-, 21- & 55-DMA are bull signals

• A below estimate July US PPI could give AUD/USD a lift
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)