• AUD/USD rallied to 0.7238 overnight as USD fell & gold, silver rallied

• Sellers emerged after the 4-month high traded and the pair turned lower

• USD rallied on US yield gains & oil breaking $100 per barrel

• Drop in equities & pull backs in gold, silver added weight on AUD/USD

• 0.7212 traded ahead of NY's open, the pair was down -0.01% in early NY

• Daily techs warn bulls; RSI diverged on the high, inverted hammer candle formed

• Rising monthly RSI, 15-mo Bolli bands & monthly bull hammer a bullish signals
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)