• NY opened near 0.7040 after 0.7068 traded overnight, pair's slide then extended

• Soured risk weighed; gold, silver, stocks, copper sank which weighed on AUD/USD

• The pair pierced the 10-DMA, traded to 0.7015, buyers then emerged however

• USD selling took hold& yields added to earlier losses; 0.7041 was neared

• A slight pull back had AUD/USD near 0.7035 late, it traded down only -0.28%

• Techs are mixed; daily RSI is falling & AUD/USD holds below the 55- & 200-DMAs

• Rising monthly RSI, hold above the 10- & 21-DMAs give bulls some comfort
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)