(Corrects typo in line 2)

• NY opened near 0.7035 after 0.7023 traded overnight, rally extended in NY

• US July payroll report surprise sent the USD, US yields

lower

• Gold, silver added to gains, stocks rallied & USD/CNH fell to 6.7400

• AUD/USD spiked up, pierced the 50% Fib of the 0.7277-0.6877 price drop

• A 1-1/2- month high of 0.7078 traded, pair neared 0.7665 late, was up +0.52%

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

• August's monthly bull hammer candle reinforces the bullish tech signals
audusd


(Christopher Romano is a Reuters market analyst. The views expressed are his own)