• AUD/USD has traded a 21 pip range thus far Monday; 0.6998-0.7019

• Those parameters are within Friday's 0.6990-0.7024 range

• There is a A$1.1 billion 0.7010 option expiry for the 10am ET NY cut

• 0.6979 (two-month low on June 11) is a support point below 0.6990

• Australian May CPI data is due on Wednesday; 4.3% YY forecast

• Australia reports second H5N1 bird flu case in migratory seabird

AUDUSD


(Robert Howard is a Reuters market analyst. The views expressed are his own)