• AUD/USD surrenders gains, last 0.6292 from high 0.6309

• Retreat could cement bearish bias under Ichimoku cloud

• Would mark another rejection of Bollinger uptrend channel

• Multiple failed attempts to break higher will dissuade longs

• Capitulation of positions may weigh toward 21 DMA 0.6259

• UST yields edge up before US Jan CPI; core expected +3.1% y/y
AUD:

(Ewen Chew is a Reuters market analyst. The views expressed are his own.)