• NY opened near 0.7010 after 0.7042 traded overnight, pair's slide extended early

• 0.7001 hit as USD was bought, USD/CNH rallied & gold, silver turned lower

• AUD/USD buyers emerged however and the pair turned positive, 0.7040 was neared

• AUD/JPY rally above 113.35, equity gains, US yield

drop buoyed AUD/USD

• The pair dipped and sat near 0.7025 late in the session, AUD/UDS traded up +0.16%

• Daily RSI is rising but the pair remains below the 10- & 21-DMAs; monthly RSI is falling
audusd


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