$0.7100 has pretty much capped AUD/USD.......>

AUSSIE: $0.7100 has pretty much capped AUD/USD early this week, barring a brief

extension to session highs of $0.7107, with the rate last trading back at the

figure.

- NZD's outperformance vs. AUD and a troubled start to the week for Chinese

equities have provided headwinds for the Aussie early Monday, but the pair has

still managed to add 10 or so pips.

- This comes after AUD/USD registered a fresh YtD low ($0.7021) on Friday,

before snapping back higher into the NY afternoon. Trendline support is noted at

$0.7011, with psychological interest at $0.7000. On the upside, the 21-DMA

($0.7105) presents the first level of interest, followed by the October 17 high

($0.7160).

- The Aussie docket is packed this week. Q3 CPI, due Wednesday, headlines, with

building approvals, trade data and retail sales also on the slate during the

week, in addition to an address from RBA's Bullock.