• NY opened near 0.7000 after 0.7021 traded overnight, the slide then extended

• Overnight USD buying & US yield , rate gains persisted

• Lower than estimated weekly, continuing jobless claims helped boost the USD

• USD/CNH rally to 6.7784 & drops in gold, silver, copper, equities weighed on AUD/USD

• AUD/UDS fell below the 10-DMA, hit a 3-session low of 0.6965 before bouncing

• The pair sat near 0.6975 late in the session, it traded down -0.31% in NY's afternoon

• Falling daily RSI and today's daily inverted hammer candle are concerns for bulls
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)