* NY opened near 0.6530 & overnight rally initially extended, 0.65395 traded

    * AUD/USD lifted to that high after below estimate Q1 GDP headline hit

    * Above estimate GDP deflator/PCE, drop in claims trumped headline data

    * Yields US2YT=RR rallied sharply and riskier assets were sold off

    * Equities USv1, gold XAU= sank & USD/CNH rallied toward 7.2700

    * AUD/USD turned lower, hit 0.6486 but then steadily climbed upward

    * Yields softened a bit while stocks & gold lifted, USD/CNH turned lower

    * AUD/USD turned positive, traded up +0.22% late in the session

    * Techs are mixed; daily RSI rising but monthly RSI is near neutral

    * Monthly daily doji candle reinforces mixed technical signals

    * US March PCE & its impact on Fed policy is the key risk Friday

    * For more click on FXBUZ

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audusd    https://tmsnrt.rs/3U9zYLQ

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

own)

((christopher.romano@thomsonreuters.com;))