A tight range for the cross in early trade...>

AUSSIE: A tight range for the cross in early trade this week, last dealing

virtually unchanged around $0.6925.

- AustralianSuper is planning to deepen foreign investments. The FT notes that

the fund's "five-year strategy would increase the proportion of overseas assets

to 55-60% by 2024, up from 44% this year." This would see the country's largest

pension fund hold more foreign holdings than domestic for the first time in its

history.

- Bulls look for a clean break above last week's highs after challenging them

early this week. Such a break would allow them to focus on the 61.8% retracement

of the move from $0.6741 to $0.7295/21-dma/May14 high clustered at

$0.6953/58/60. Bears look for a break of the figure to open up the month to date

lows.

- The local docket is subdued at the start of the weak, so global themes will

likely drive AUD flows.