• NY opened near 0.7115 after 0.7177 traded overnight, drop extended in NY

• US yield gains drove broad based USD which weighed on AUD/USD

• USD/CNH rally to 6.8200, drops in gold, silver, copper, stocks also weighed

• AUD/USD fell below the 55-DMA, hit 0.7080 then bounced after Europe's close

• Softer USD, US yields & a bounce in risk lifted AUD/USD toard 0.7110 late

• The pair traded down -0.80% in NY's afternoon & techs leaned bearish

• Falling RSIs, monthly inverted hammer, hold below 10- & 21-DMAs are bear signs
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)