• NY opened near 0.7105 after 0.7096 traded in Europe's morning

• The pair rallied early as the USD traded softly; 0.7120 traded

• Sellers emerged however as risk soured; gold, silver, copper, stocks fell

• USD/CNH rallied toward the overnight high to reinforce risk-off trading

• AUD/USD fell below the overnight low, hit 0.7088 in NY's afternoon

• The pair traded down -0.22% late in the day and near Monday's low

• Falling daily RSI, daily inverted hammer could be concerns for AUD/USD bulls

• Rising monthly RSI, 20-month Bolli bands & monthly bull hammer comfort bulls
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)