• NY opened near 0.7170 after AUD/USD moved upward in overnight trading

• The pair fell sharply as USD, US yields rallied after Aug. CPI

• The pair fell below the 21-DMA, hit a 7-session low of 0.7150

• Post-CPI USD, yield gains were quickly erased however & both turned down

• Gold, silver, copper, equities rallied sharply and USD/CNH turned lower

• AUD/USD rallied above the 21-DMA, hit the 10-DMA traded 0.7187

• Diverging daily RSI, move back above 21-DMA give daily techs a bullish lean
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)