• 0.6982-0.7014 traded overnight, NY opened near 0.7005, up +0.32%

• Australian yield rise, US yield drop buoyed

• Gains in AUD/JPY an copper also contributed to lifting AUD/USD

• The 21-DMA was pierced before AUD/USD pulled back from its high

• Technical signals now have AUD/USD bears becoming worried

• Daily, monthly RSIs indicate upward momentum, monthly bull hammer in place

• Pair's break of psychological 0.7000 level adds to the bullish sentiment

• US Sept. CPI in focus, a below estimate result could drive AUD/USD higher
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)