• NY opened near opened near 0.6420 after 0.6436 traded overnight, the drop extended

• US$ buying & commodity losses weighed on AUD/USD; USD/CNH rallied to 7.2130

• AUD/USD drop intensified as US yields rallied off their lows; pair fell below 10- & 21-DMAs

• AUD/USD hit 0.6388, pair neared 0.6400 late, pair traded down -0.06% in NY's afternoon

• Techs lean bearish; RSIs falling, three consecutive daily inverted hammers are in place
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)