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• 0.7035-0.7004 traded overnight, NY opened near that low, down -0.40%

• The pair slowly drifted down in Asia, selling accelerated in Europe

• Downbeat China Oct.PMI helped to weigh on AUD/USD during Asia trading

• USD buying in Europe, firm US yields then added weight

• AUD/USD fell despite gold, silver, equities rallies & drop in USD/CNH

• AUD/USD fell below the 10-DMA & daily RSI turned down; are worries for bulls

• Pair hit a 7-session low, probes short-term support; those add to bulls' worries

• US Oct. S&P Global PMI, ISM manufacturing PMI are data risks in NY

• RBA cash rate decision is a key risk during Asia trading Tuesday
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)