AUD/USD has stuck to a tight range,..........>

AUSSIE: AUD/USD has stuck to a tight range, dealing 5 or so pips softer last at

$0.7135, brushing off comments from RBA Dep. Gov Debelle, as he suggested that

unemployment may fall further than it has done in previous instances before

wages pick up. Debelle then participated in a Q&A, with BBG covering the

comments. On the AUD he noted that it would be "helpful for our economy if the

fed rate pushes the A$ lower."

- Monday's extremes ($0.7112-$0.7151) provide the initial support & resistance.

Bulls need to recover the $0.7200 area to break the longer term downtrend, while

bears need a downside break of $0.7044 to allow them to target the key $0.7000

level.

- Domestic focus falls on tomorrow's AU labour mkt report.