• NY opened near 0.6975 after 0.6947 traded overnight, rally extended in NY

• Broad-based & intense USD selling, US yield drop lifted the pair

• USD/CNH drop to 6.7441, rallies in gold, silver, copper & equities added buoyancy

• AUD/USD pierced the 55-DMA, hit a 1-1/2-month high of 0.7033, was up +1.08% late

• Techs lean bullish; RSIs indicate upward momentum, pair above 10-, 21- & 55-DMAs

• Widening & rising 20-month Bolli bands suggest increased volatility & rally likely
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)