• AUD/USD rallied 0.6962-0.6979 overnight, neared the 10-DMA

• Sellers emerged after the 4-session high traded, NY opened near 0.6965

• The pair fell despite USD and US yields moving lower

• Drops in copper, silver also contributed to AUD/USD's move down

• Daily techs now warn that the rally off the October 1 low may be complete

• Daily RSI diverged on the high & a daily inverted hammer candle formed

• AUD/USD bulls likely need above 200-DMA, 0.7040/50 to gain some control
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)