AUD/USD hit 0.7137 in Europe but sellers emerged, NY opened near 0.7120

Above estimate US CPI nL1N2XW25Z rallied US rates EDM3US2YT=RR

Investors price in a higher terminal rate for the Fed hiking cycle

Risk sours; equities ESv1, copper HGv1 fall while US$, yen rally

Slower growth concerns drive AUD/JPY down below 94.35, AUD/USD follows

Pair broke the 61.8% Fib of 0.6829-0.7282, hit 0.7038 then bounced meagerly

Techs are bearish; RSIs dropping, pair below 21-DMA, key Fibo breaks

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