• AUD/USD rallied to 0.7029 overnight, briefly pierced the 200-DMA then fell

• Pair turned lower, hit 0.7007, pierced the 61.8% Fibo of the 0.6867-0.7238 rally

• NY opened near 0.7010, down -0.14% as risk-off sentiment weighed on the pair

• US yield , USD gains helped to drive the risk-off trading theme

• Significant drops in gold, silver, copper reinforced risk-off & USD buying

• Techs are bearish; RSIs are falling, pair consolidating drop from Sep. 21 high
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)