• NY opened near 0.7170 after 0.7182 traded overnight, drop extended in NY

• Broad-based USD buying, US yield & oil gains weighed

• The USD got an added boost from drops in gold, silver copper & equities

• AUD/USD fell below the 10-DMA, hit a 4-session low of 0.7130

• The pair held near that low late in the day, it traded down -0.67%

• Techs lean bearish; RSIs indicate downward momentum, pair below 10- & 21-DMAs

• Head & shoulder topping pattern forming on daily chart reinforces bearish signs
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)