(Corrects rate to 0.7120 in line6)

• NY opened near 0.7160 after 0.7145 traded in Europe, rally initially extended

• Upbeat risk sentiment help rally the pair to 0.7185, sellers emerged however

• Risk that the ceasefire deadline will be missed allowed risk-off to emerge

• USD, US yields rallied sharply, USD/CNH rallied up to 6.8321

• Gold , silver , stocks all fell, helped underpin the USD

• AUD/USD broke Europe's low, neared the rising 10-DMA, traded to 0.7120

• A slight bounce for riskier assets helped AUD/USD sit near 0.7155 late

• Pair was down -0.34% in NY's afternoon but still within the Friday-Monday trading range

• Rising monthly RSI, pair's hold above the daily cloud, many DMAs are bull signals
audusd


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