• AUD/USD rallied 0.64955-0.6533 overnight, NY opened near 0.6525, was up +0.45%

• US yield drop drove broad US$ selling; USD/CNH fell to 7.1794

• Gold and equity gains reinforced the US$ selling theme

• AUD/USD rally stalled short of key resistance in the 0.6540/50 zone

• The 61.8% Fib of 0.69435-0.5910, series of daily highs & lows sit within that zone

• Techs are bullish; daily & monthly RSIs are rising, pair above 10-, 21- & 200-DMAs

• US CPI, PPI and weekly jobless claims are key data risks later this week
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)