• NY opened near 0.7015 after 0.7005 traded overnight, rally extended in NY

• The pair rallied despite the USD and US yields trading up

• Drops in gold, silver, stocks and oil gains didn't deter AUD/USD bulls

• 0.7036 traded, the pair sat near 0.7030 late in the day & traded up +0.12%

• USD/CNH drop and rally in AUD/JPY helped to drive AUD/USD higher

• Techs are bullish; RSIs rising, consolidation of gains from Oct. 15 low persists

• Monthly bull hammer, 10-DMA crossing above 21-DMA add to bull signals
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)