• AUD/USD rallied to 0.7056 overnight then turned lower, hit 0.7040

• NY opened near that low, the pair traded down -0.06% in early action

• Firmer US yields , USD/CNH gains helped limit AUD/USD's topside

• Copper's turn lower also helped to cap AUD/USD's upside

• Rallies in gold, silver and equities heloped prevent a deeper fall for AUD/USD

• Techs lean bullish; monthly RSI is rising, pair above 10-, 21- 55- & 200-DMAs

• Consolidation of gains off the July 29 low persists, is a bullish signal

• US July ADP, ISM non-manufacturing PMIs are data risks in NY's morning
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)