• AUD/USD has traded a 21.5 pip range thus far Monday; 0.7007-0.70285

• Those parameters are within Friday's 0.70041-0.7043 range

• RBA rate decision on Tuesday (0430 GMT); 25 bps increase expected

• AUD might strengthen if RBA delivers hawkish hike

• CFTC data: net AUD short rose 20% to 46,814 contracts in week to Sept 22

• 46,814 contracts is largest net AUD short position since December 2025

AUDUSD

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