• AUD/USD hit 0.6930 overnight, sellers emerged then the pair turned lower

• Broad-based USD buying, firm US yields weighed on the pair

• Drops in gold, silver and copper also helped to weigh down AUD/USD

• 0.6909 traded in Europe, NY opened nearby, pair was down -0.21% early NY

• AUD/USD remains within Friday's daily range, suggests bounce is corrective

• Falling daily, monthly RSIs, hold below 10- & 21-DMAs add to bear signals

• US October CPI looms, if above estimate USD, US yields could rally
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)