• AUD/USD pressured by risk-off and USD strength post-Fed, finding a floor near 0.6990 on Friday

• Limited recovery keeps 11 June low of 0.6979 vulnerable; break targets late March double base at 0.6834

• Option implied vol edging higher to reflect downside risks, gains capped while spot supports hold

• Wed CPI key — trimmed mean seen rising to 3.5% in May; a surprise either way could set direction

• Thursday's jobs data forecast at +30k, reversing April's 18.6k drop — another swing factor for AUD

• US PCE Thursday also in focus; stronger print could extend USD gains and add further pressure on AUD

• Related - huge 0.7010 strike stands out amid FX option expiries for 10-am New York cut expiry on Monday
AUD=D3


(Richard Pace is a Reuters market analyst. The views expressed are his own)