• AUD/USD traded 0.65294-0.6490 overnight on the back of broad based US$ buying

• NY opened near 0.6515 however, pair traded down only -0.06% in early NY

• US yields , US$ traded downward to help AUD/USD erase most losses

• USD/CNH drop from its high, gold & equity gains reinforced US$ selling

• Techs lean bullish; long legged daily doji formed, monthly RSI is rising & not overbought

• AUD/USD hold above the 10-, 21- & 200-DMAs reinforce the bullish signals

• Ranges may be muted until US May CPI data gets released on Wednesday
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)