• AUD/USD fell below the 10-DMA, hit 0.7043 overnight on broad-based USD buying

• USD selling then emerged, US yields softened & USD/CNH turned lower

• AUD/USD buying took hold, the pair hit 0.7078, it traded up +0.09% in early NY

• Gains in equities , gold , silver helped underpin AUD/USD gains

• Daily techs lean bullish; RSI turned upward & a daily bull hammer candle formed

• Monthly techs still lean bearish however; above 0.7205/10 may negate bearish signals
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)