• NY opened near 0.7044 after AUD/USD rallied during Europe's morning session

• The pair neared 0.7030 as USD, US yields & oil

moved upward

• AUD/USD then rallied on hopes a US-Iran peace deal will be signed

• USD, yields, oil softened while gold , silver , stocks rallied

• USD/CNH slid toward 6.7630 after rallying toward 6.7660 earleir in the session

• AUD/USD hit 0.7060 then neared 0.7050, it traded near flat late in the day

• A daily long legged doji formed which gives AUD/USD bulls some comfort
audusd


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