• AUD/USD traded 0.6882-0.6904 overnight, NY opened near 0.6900, up +0.16%

• Broad based USD selling, lower US yields , USD/CNH buoyed the pair

• AUD/USD rallied despite drops in gold , silver

& copper

• The pair remained within Friday's daily range and above hte 200-DMA

• AUD/USD is consolidating the drop from the June 15 high; a bearisd signal

• Daily RSI will get a chance to unwind its oversold conditions during consolidation
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)