• NY opened near 0.6925 after 0.6878 traded overnight, rally extended in early NY

• Upbeat risk sentiment weighed down the US$; stocks, gold, silver moved upward

• Oil and USD/CNH traded heavy in early NY; AUD/USD rallied to 0.6938

• US$ then firmed & risk soured after Iran rejected proposal to end hostilities

• Risk further soured on the latest comments on Iran from President Trump

• Gold, silver turned lower, stocks traded downward, USD/CNH lifted off its low

• AUD/USD fell to 0.6906, traded near 0.6915 late, traded up +0.44% in NY's afternoon

• Pair fell back below the 10-DMA which gives bulls some concerns

• Rising daily, monthly RSIs, hold above the daily cloud base gives bulls some comfort
audusd


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