• AUD/USD hit 0.7072 overnight, sellers emerged, the pair turned lower

• Pair neared the 10-DMA & trend line off the Dec. 18 low, 0.7055 traded

• AUD/USD traded down -0.12% in early NY and ahead of the Fed decision

• USD buying, firmed US yields , USD/CNH gains weighed on the pair

• Drops in gold, silver and AUD/JPY also helped send AUD/UD downward

• The pair held within the June 15 range, suggests gains are being consolidated

• Falling monthly RSI, hold below resistance near 0.7100 are concerns for bulls

• US May retail sales, pending home sales are data risks in NY's morning
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)