• NY opened near 0.7165 after 0.7136 traded overnight, rally extended in NY

• USD traded lower against most major currencies & US yields

fell

• Oil , USD/CNH fell while gold, silver, stocks & AUD/JPY rallied

• Those influences helped AUD/USD hit 0.7198 after Europe's close

• The pair dipped slightly as USD firmed up, pair neared 0.7185, was up +0.27% late

• Daily bull hammer formed after 21-DMA was touched, gives bulls comfort

• Pair's rally back above 10-DMA & ongoing consolidation reinforces bullish signals
audusd


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