• NY opened near 0.7035 after 0.7043 traded overnight, the pair fell early

• Soured risk drove USD buying & gold, silver, stocks sharply lower

• US yields softened as investors sought safer assets

• AUD/USD fell to 0.7014 but then managed to bounce off that low

• The pair hit 0.7037, sat just above 0.7030 late in the day, traded up +0.05%

• USD/CNH lift above 6.6540, firm USD helped AUD/USD move downward

• Rising RSIs, pair's hold above the 10- & 21-DMAs are bullish signals

• Monthly bull hammer and bull pennant on monthly chart add to bull signs
audusd

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