US ratesEDM3US2YT=RR US$ spike up after US April CPI nL2N2X315F

Gains erode however, US$ turned negative, AUD/USD rallied to 0.70535

Seller emerge ahead of the 10-DMA, May 9 daily high; AUD/USD dips

Daily inverted hammer candle forms which may be a sign bears are in control

Pair still +ve however & daily, monthly RSIs rise, implies upside momentum

AUD/JPY fall from intra-day high towards 90.60 weighs on AUD/USD however

AUD/USD longs likely need above 0.7070/80 to take greater control

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