• NY opened near 0.6965, the pair was down slightly in early NY action

• A rally ensued however as USD selling & US yields

sank

• Gold, silver, copper & stocks rallies also helped buoy AUD/USD

• the pair rallied above the 10-DMA, hit 0.6990 then dipped slightly

• AUD/USD sat just above 0.6981 & traded up +0.13% in NY's afternoon

• Rising RSIs, piercing of 10-DMA, bull pennant on monthly chart are bull signals
audusd

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