• AUD/USD broke below its 55-DMA late Fri, softness remains Mon morning

• USD given respite by EUR profit taking and Fed caution on rate cuts

• Support near 0.6260 targeted, stop loss selling to emerge beneath

• Treasurer Chalmers' expectations management ahead Tue budget weighs on AUD

• RBA meeting Mar 31-Apr 1 moves into focus, no OCR change expected

• Range early Asia 0.6262-81, support 0.6260 0.6190, resistance 0.6390 0.6415
AUD mng

(James Connell is a Reuters market analyst. The views expressed are his own.)