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• NY opened near 0.7030 after AUD/USD traded downward in Asia & Europe
• Pair rallied early with help from AUD/JPY gains, USD/CNH drop from its high
• Rally intensified as riskier assets firmed up; stocks, gold, silver traded upward
• US$, yields fell sharply on report Israel, Lebanon could begin talks
• Stocks, silver turned positive, USD/CNH turned lower & gold added to earlier gains
• AUD/USD hit 0.7095 in NY's afternoon, traded up +0.72% late in the day
• Rising daily, monthly RSIs, daily bull hammer are bullish
tech signals
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(Christopher Romano is a Reuters market analyst. The views
expressed are his own)