• 0.7145 traded overnight, sellers emerged as risk sentiment soured

• The latest reports on the conflict with Iran drove risk-off trading

• USD, US yields , USD/CNH & oil rallied on the reports

• Gold , silver , equities sank to reinforce USD buying

• AUD/USD fell to 0.7098, neared the 55-DMA before bouncing a bit

• NY opened near 0.7115, AUD/UD traded down -0.36% in early action

• Techs lean bearish; RSIs falling, pair trades below the 10- & 21-DMAs

• Monthly inverted hammer candle in place for May reinforces bear signs

• US April PCE, durable goods & weekly jobless claims are risks in NY
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)