• AUD/USD traded 0.7251-0.7209 overnight, NY opened near 0.7220, down -0.39%

• USD, US yield , USD/CNH & oil gains weighed on the pair

• Drops in gold, silver and equities also helped to drive AUD/USD lower

• The pair is down but still consolidating recent gains while above 10- & 21-DMAs

• Rising monthly RSI, widening 20-mo Bolli bands a bullish tech signals

• US April CPI due, above estimate CPI may see investors expect Fed to turn hawkish
audusd


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