• AUD/USD fell below the 10-DMA in Asia, 0.7018 traded, buyers emerged

• 0.7043 hit in Europe's morning, NY opened near 0.7035, up +0.11%

• USD selling, US yield & USD/CNH drops helped limit the downside

• Drops in gold, silver, copper & equities helped cap AUD/USD's upside

• AUD/USD traded positive overnight despite soured risk sentiment

• Techs are bullish; RSIs are rising, pair is above the 10- & 21-DMAs

• Monthly bull hammer, bull pennant on monthly chart reinforce bull signals
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)