• NY opened near 0.6920 after 0.6980 traded overnight, drop extended early

• USD, US yields rallied after the US September PPI report

• Stocks fell sharply & gold, silver erased some of their overnight gains

• AUD/USD broke the trend line off the March low, hit a 3-month low of 0.6895

• Bears ran out of gas as yields & USD reversed the PPI induced gains

• Gold, silver moved up & stocks turned positive on the session

• AUD/USD neared 0.6925 then neared 0.6915 late, it traded down -0.82%

• Techs lean bearish; RSI falling, pair below 10-DMA, bear pennant base broken

• Comments from Fed Chair Warsh could impact risk in Asia trading hours
audusd

(Christopher Romano is a Reuters market analyst. The views expressed are his own)