• NY opened near 0.6945 after AUD/USD traded 0.6960-0.6936 overnight

• The pair rallied early as stocks, gold, silver moved upward & USD softened

• AUD/USD then fell as oil & USD/CNH rallied while gold, copper, silver sank

• Firmer USD, US yields also helped drive AUD/USD downward

• 0.6934 traded, the pair then neared 0.6940 late, it traded down -0.24%

• Daily RSI diverged & pair is below the 21-DMA, could be concerns for bulls
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)