• NY opened near 0.7160 after 0.7111 traded overnight, rally then extended

• Pair rallied despite USD buying against the euro and yen in NY trading

• AUD/USD hit a 2-1/2-month high of 0.7179 in NY's afternoon, was up +0.92%

• Gold, silver, copper, equity rallies & USD/CNH's drop helped buoy AUD/USD

• Rally stalled short of the 76.4% Fib of 0.7277-0.6868 & June's monthly high

• Techs are bullish; RSIs indicate upward momentum, pair above 10- & 21-DMAs

• August's monthly bull hammer candle reinforces the bullish tech signals
audusd


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