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

AUSSIE: AUD/USD has stuck to a tight range in early Asia trade, 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. Debelle reiterated

that the "RBA is paying close attention to falling house prices," stressing that

the "drag on the economy from lower house prices is still somewhat unclear." On

the AUD Debelle noted that it would be "helpful for our economy if the fed rate

pushes the A$ lower."

- Rate last $0.7140 after the pair threatened to break back above $0.7150 in NY

trade Tuesday, after struggling early on. However, the stabilisation in the USD

as U.S. equities surged limited the rate later in the day.

- 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 before targeting the key $0.70 level.

- Westpac leading index data is due shortly, although local focus falls on

tomorrow's AU labour mkt report.