• 0.7029-0.6979 traded overnight, a 2-month low traded, NY opened near 0.6995

• Pair fell despite RBA 25bps hike & possibility for more hikes to come

• Broad-based USD buying, overnight drops in gold, silver, copper weighed on AUD/USD

• Drops in oil and USD/CNH also could not inspire AUD/USD bulls

• Pair's bounce off the low aided by US yield drops, equity gains

• Techs are bearish; RSIs falling, pair below 200-DMA, 61.8% Fib of 0.6867-0.7238

• September's monthly inverted hammer candle reinforces bearish signals

• US Aug. JOLTS, Sept. consumer confidence are data risks in NY

• Fed's Bowmna, Barr, Goolsbee, Musalem, Williams, Waller to speak today
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)