• AUD/USD hit a 2-1/2-month high of 0.7129 just ahead of NY's open

• The rally was aided by USD, US yield drops & gold, silver, copper rallies

• NY opened near 0.7125, the pair steadily fell during NY trading

• USD, US yields moved upward, stocks fell & USD/CNH rallied toward flat

• AUD/USD fell below 0.7105, it traded up +0.30% in NY's afternoon

• Techs lean bullish; RSIs are rising, pair is above the rising 10- & 21-DMAs

• August's bull hammer, hold above 50% Fib of 0.7277-0.6867 adds to bull signals
audusad


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