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• AUD/USD spiked up to 0.6970 overnight, hit a 14-session high, sellers then emerged

• 0.6924 hit in Europe, NY opened near 0.6945, AUD/USD was down -0.06% in early action

• The pair fell despite broad-based USD selling and USD/CNH's drop to 6.7783

• Rising US yields , drops in gold, silver copper, equities weighed on AUD/USD

• Daily RSI diverged on tthe high & daily doji candle formed, are concerns for bulls

• AUD/USD's hold below 0.6980/90 and the 21-DMA are also worries for AUD/USD bulls
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)