• AUD/USD hit 0.6332 in Asia, traded a tight range until Europe's morning

• Pair slid sharply, fell below yesterday's low, traded 0.6200

• Drop intensified when China announced 34% tariffs on US goods

• A 2-month low of 0.6137 traded, NY opened near that low, pair down -2.83%

• Commodity , equity drops added weight on AUD/USD

• AUD/JPY drop below 89.25, lower US yields reinforced risk-off

• AUD/USD techs lean bearish; RSIs falling, pair below daily cloud & many DMAs

• The March monthly inverted hammer candle reinforces bearish tech signals

• US March payroll report, remarks from Fed's Powell are key risks in NY
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)