• AUD/USD whipsaws lower, undoing most of Friday's gain, last 0.6940

• Negative-USD reaction to NFP overturned by yields-related EUR selloff

• But as liquidity improves with European markets opening, EUR bobs up

• AUD/USD hence stabilizing, though bearish technical outlook may persist

• Even if it exits Bollinger downtrend channel 0.6982, strong ceiling overhead

• 200 DMA coincides with Ichimoku cloud near 0.7032; 100 DMA at 0.7055
AUD

(Ewen Chew is a Reuters market analyst. The views expressed are his own.)