• AUD/USD rallied to 0.7012 overnight, sellers then emerged & the pair turned lower

• The pair fell despite rallies in gold, silver, equities & a drop in US yields

• Broad based USD buying weighed and sent AUD/USD down to 0.6987

• NY opened near 0.6995, AUD/UDS traded down -0.03% in early action

• The pair traded below the 61.8% Fib of 0.6834-0.7277 rally & trend line off Dec. 18 low

• Falling monthly RSI, June price drop following May doji are bearish tech signals

• US jobless claims, May PPI final demand are data risks in NY's morning
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)