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• NY opened near 0.6830 after 0.6854 traded overnight, pair's drop extended
• Sharp gains in US yields drove broad-based USD buying
• Drops in gold, silver, copper & USD/CNH's positive turn weighed on AUD/USD
• AUD/USD hit a 10-month low of 0.6798, sat near 0.6805 late, down -0.61%
• Technical signals are growing more bearish as fresh signals emerged
• Recent consolidation ended with new low, 50% Fib of 0.6422-0.7277j broke
• Head & shoulder top completion, falling RSIs, hold below 10- & 21-DMAs add to bear signs
• US October PPI is a key data risk in NY's morning for
Friday
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)