AUD/NZD has added 6 pips and............>

AUSSIE-KIWI: AUD/NZD has added 6 pips and currently trades at NZ$1.0340, after

printing the lowest level since Aug 6 in early Asia-Pacific trade. The overnight

session was driven by headlines re: spreading China's coronavirus.

- NSW Chief Health Officer informed that a fifth person in the country has

contracted the virus, following an earlier report by the Sydney Morning Herald

mentioning a potential case to be confirmed on Monday. The weekend saw Australia

report its first coronavirus case. Elsewhere, Aussie Health Minister noted that

the country will not halt inbound flights from China at this point.

- Across the ditch, Statistics NZ revised their reading of NZ employment change

for Q3 to +1.0% Y/Y from +0.9%.

- Any move below the Jan 8/overnight lows of NZ$1.0316/12 would play into the

hands of bears, exposing the Aug 6 low of NZ$1.0265. On the topside, the NZ$1.04

mark provides the initial target. A break here would inspire bulls to focus on

NZ$1.0442/43, the 50-DMA/23.6% retracement of the slide from the Nov 7 peak.

- Worth adding that a market closure in Australia & regional holiday in Auckland

(New Zealand) limited liquidity overnight.