• AUD/USD fell sharply in Asia on report Pres. Trump said he didn't like Iran's response

• USD, US yields, oil rallied on the report & gold, silver, stocks fell; helped weigh on AUD/USD

• AUD/USD neared the 10-DMA, hit 0.7205, buyers emerged however as USD buying abated

• The pair steadily rallied, hit 0.7255 in Europe's morning, NY opened near 0.7245

• AUD/USD traded down only -0.03% early NY, was close to filling gap from Friday's close

• A long legged doji candle formed suggests bulls still have control of the pair

• Pair's hold above 10- & 21-DMAs, rising monthly RSI, consolidation are all bullish signals
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)