• NY opened near 0.7025 after AUD/USD traded downward overnight

• The overnight drop reversed in early NY despite firm US yields

• Drops in gold, silver did not deter bulls, 0.7045 traded after Europe's close

• USD/CNH drop to 6.6621 & AUD/JPY rally above 111.40 helped lift AUD/USD

• Muted reaction for AUD/USD after the Fed left rates unchanged as expected

• The pair sat near 0.7040 after the statement and traded up +0.20%

• Techs lean bullish; RSIs indicate bull momentum, pair above 10- & 21-DMAs
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)