• NY opened near 0.7000 after 0.7011 traded overnight, the pair slid in NY

• USD buying & firmer US yields helped to weigh down the pair

• Lower equities, USD/CNH bounce off low, erosion of some gold, silver gains added weight

• AUD/USD filled the gap from Friday's close, hit 0.6986, traded up only +0.03% late

• The pair is still consolidating recent gains & monthly RSI is rising; are bullish signals

• Pair's hold above the 10-, 21- & 200-DMAs reinforce the bullish signals
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)