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• AUD/USD hit 0.7152 overnight, sellers emerged, the pair turned lower on the session

• Doubts about progress being made on US-Iran deal rallied oil and the USD

• Gold and silver dropped on the doubts to help weigh on AUD/USD

• AUD/USD hit 0.7121 in early NY, the pair traded down -0.38% in early action

• Techs lean bearish; RSIs indicate downward momentum, pair is below 10- & 21-DMAs

• Monthly inverted hammer candle, consolidation of drop from May 13 high are bear signs

• US May U of Michigan sentiment is a data risk in NY's morning
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)