• AUD/USD fell to 0.7209 in Europe's morning, NY opened near 0.7225, pair then hit 0.7232

• Sellers emerged however when USD, US yields rallied on US April CPI data

• Risk soured; gold, silver added to losses, UD/CNH turned up & stocks traded down

• AUD/USD fell below the 200-HMA, traded down to 0.7214 then bounced

• Some late day USD weakness sent AUD/UD toward 0.7225 late in the session

• AUD/USD traded down -0.34% but remained above the 10- & 21-DMAs

• Consolidation phase, rising monthly RSI, widening Bolli bands are bullish signals
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)