• AUD/USD fell back below the 200-DMA, traded 0.6459-0.6408 overnight

• NY opened near 0.6415, pair traded down -0.68% in early action

• RBA's 25bps dovish cut sank Australia bond yields

& AUD/JPY

• Drops in iron-ore , copper helped weigh on AUD/USD

• AUD/USD dipped below the 10- & 21-DMAs and daily RSI turned downward

• Rounding top pattern on daily chart, May monthly doji are worries for longs

• AUD/USD still consolidating gains off April low however, is a bullish signal
audusd


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