• NY opened near 0.7180 after 0.7153 traded overnight, pair slid toward 0.7165 early

• Buyers emerged however as USD, US yields & oil traded softly

• Rallies in gold, silver, copper & equities helped buoy risk sentiment

• AUD/USD rallied to 0.7187 then gave back some gains, neared 0.7175 late

• USD, yields firmed up & USD/CNH rallied towards flat on the session

• AUD/USD remained above the 10-DMA and was up +0.17% late in the day

• Rising daily RSI, hold above the 10-DMA gives bulls some confidence

• Hold below the 21-DMA and resistance near 0.7200 are concerns however
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)