AUD/USD closes 0.85% higher Mon, 1st daily close above 0.7000 since Aug 16

Powered higher by positive risk sentiment, commodities rally, China optimism

Boosted by easing global recession fears, optimism of a less aggressive Fed

AUD/JPY demand supports; pair rallies 1.7% to a 1- month high on dovish BOJ

LNY holiday in many Asian centres, Australia off Thu, will limit activity

Caution ahead of Australia Q4 CPI due Wednesday may also cap rally in Asia

Resistance 0.7040-45, 0.7065-75, 0.7090-0.7100; support 0.7000-05, 0.6965-70

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