• NY opened near 0.7175 after 0.7190 traded overnight, pair extended that drop

• Sharp fall ensued on report Iran could end ceasefire if Israel attacks Hezbollah in Lebanon

• USD, US yields , oil rallied sharply as risk sentiment soured

• Gold added to losses, silver & equities

turned lower

• AUD/USD hit 0.7135, the pair then bounced as USD buying abated & risk improved

• Report that Pres. Trump said no Israeli troops will go to Beirut rallied risk assets

• Silver, copper & stocks turned up while oil, yields & USD softened

• AUD/USD neared 0.7170 late, it traded down -0.21% in NY's afternoon

• Falling daily RSI, hold below resistance near 0.7200 are concerns for bulls
audusd


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