• AUD/USD fell to 0.6344 in Europe's morning, pair hit a 5-session low then rallied

• Pair rallied back above the 10-DMA, turned positive, hit 0.6389 early NY, was up +0.44%

• Softer US yields , US$ helped buoy; USD/CNH fell below 7.2900

• Equity bounce off low & commodity gains also helped lift AUD/USD

• A daily bull hammer candle formed and daily RSI turned upward again

• Daily signals reinforce bull signs from rising monthly RSI, monthly bull hammer candle

• US jobless claims, March durable goods & existing home sales are data risks
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)