• NY opened near 0.6975 after 0.6995 traded overnight, pair rallied early

• USD, US yields fell after the below estimate August PCE data

• Gold, silver, stocks rallied on the report, AUD/USD spiked up to 0.6988

• Bulls ran out of gas though and the pair began falling again

• USD buying emerged & yields turned higher while gold, silver stocks moved down

• AUD/USD turned lower, fell below the 76.4% Fibo of the 0.6867-0.7238 rally

• AUD/USD hit a 2-monthlow of 0.6947, it traded down -0.54% in NY's afternoon

• Techs are bearish; RSIs indicate downward momentum, pair below 10- & 200-DMAs
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)