• AUD/USD traded 0.7032-0.7005 overnight, NY opened near 0.7010, down -0.21%

• Broad-basded US buying, US yield gains helped weigh down the pair

• Drops in gold , silver , copper , stocks

added weight

• The pair holds just above the two-month low that was struck Tuesday

• Techs lean bearish; daily & monthly RSIs indicate downward momentum is in place

• AUD/USD's hold below the daily cloud, 10-, 21- & 55-DMAs reinforces bearish signals

• Investors will be focused on the US May CPI report which could impact risk sentiment
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)