• AUD/USD hit 0.7166 overnight, sellers then emerged, pair fell below the 10-DMA

• The pair turned lower, hit 0.7133 into NY's open, AUD/USD traded down -0.38%

• On going geopolitical tensions drove risk-off which weighed on riskier assets

• USD, US yield , USD/CNH & oil gains added to risk-off sentiment

• Gold, silver, copper & equities fell to reinforce the risk-off trading theme

• AUD/USD neared the April 21 low but remained within the Friday-Monday ranges

• Falling daily RSI worries AUD/USD bulls but rising monthly RSI gives them some comfort
audusd


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