AUD/USD has traded a 28.5 pip range thus far Monday; 0.6757 = intra-day low

0.6757 is five pips above Friday's one-week low (0.6824 was Thursday's high)

Nikkei rise to one-month high is positive for risk-sensitive AUD

Iron ore prices down 4% (iron ore is Australia's biggest export earner)

CFTC data showed net AUD short halved to 19,159 contracts in week to Aug 27

19,159 contracts is smallest net AUD short position for five weeks