• NY opened near 0.6875 after 0.6942 traded overnight, drop extended early

• USD, US yields rallied sharply after the upbeat Oct. jobs report

• USD/CNH steadily rallied while gold traded lower on the session

• AUD/USD fell to an 8-month low of 0.6855 then bounced, 0.6893 traded

• Sellers emerged again as USD buying persisted, AUD/USD neared 0.6860

• The pair traded down -0.98% in NY's afternoon which had techs lean bearish

• Break of pennant base on monthly chart, falling RSIs are bearish signals

• AUD/USD's hold below 10- & 21-DMAs & 0.6990 area add to bear sentiment
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)