• NY opened near 0.6445 after 0.6419 traded overnight, rally extended initially

• An early dip towards 0.6435 was bought, AUD/USD rallied above the 200-DMA

• 0.64685 traded as US Treasuries, US$, USD/CNH were sold & gold rallied

• AUD/USD gave back some gains as US$ bounced & equities lifted off their lows

• AUD/USD sat near 0.6450 late, pair traded up +0.41% in NY's afternoon

• Rising daily, monthly RSIs give AUD/USD longs come confidence

• Inability to hold above 200-DMA & rounding top on daily charts worry longs
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)