• AUD/USD hit a 5-session low of 0.6408 in Asia after US court blocked Trump's tariffs

• US$, US yield ruling-induced weakness faded however

• AUD/USD rallied off the lows as US$ gains eroded; 0.6449 hit in Europe

• NY opened near 0.6442, pair traded up +0.23% in early NY trading

• USD/CNH drop, commodity gains helped underpin AUD/USD

• AUD/USD hovered just below the 200-DMA which may be a concern for longs

• Rising daily, monthly RSIs give AUD/USD some comfort however

• US jobless claims, Q1 GDP 2nd estimate are data risks in NY
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)