• NY opened near 0.6995 after 0.7013 traded overnight, the pair initially extended its drop

• Broad-based USD buying, US yield gains & USD/CNH rally sank AUD/USD

• The pair neared the rising 10-DMA, traded 0.6980, buyers then emerged

• Rallies in gold, silver and equities helped lift AUD/USD briefly above 0.7000

• The pair neared 0.6995 late in the session, it traded down -0.07% in NY's afternoon

• A daily doji formed which suggest there is indecision by investors

• AUD/USD's hold above the 10-, 21- & 200-DMAs and rising monthly RSI are bull signs
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)