Apple's warning that it is poised to miss....>

AUSSIE: Apple's warning that it is poised to miss revenue guidance this quarter

amid the coronavirus outbreak dented risk appetite & weighed on the commodity

space on Tuesday, applying pressure to AUD/USD. The rate shed a further handful

of pips as the RBA's Feb meeting minutes called the economic risk posed by

Covid-19 "material." The rate ticked away from lows ahead of the WMR fix, but

remained subdued and finished the day in the red.

- The rate currently trades +4 pips at $0.6690. Bears look at Tuesday's low of

$0.6674 as their initial target and a break here would draw the Feb 10

multi-year low of $0.6660 to the fore. Bulls look for a jump above the trendline

resistance at $0.6728 before taking aim at the Feb 5 high of $0.6774.

- Australia will report skilled vacancies & wage price index data today, ahead

of tomorrow's Labour Force Survey. Flash CBA PMIs will conclude this week's

releases on Friday.