AUD/NZD trades flat at NZ$1.0431. It....>

AUSSIE-KIWI: AUD/NZD trades flat at NZ$1.0431. It remains well supported by the

50-DMA intersecting at NZ$1.0406, where the rate seems to be building a base. A

clean break above yesterday's high of NZ$1.0467 would encourage bulls to target

the Feb 11 peak at NZ$1.0506. Conversely, bears need the rate to recede past the

50-DMA before they can set their sights on the Feb 10 trough at NZ$1.0390.

- The overnight session was dominated by a risk-off reaction to Apple's warning

that the coronavirus outbreak may render it impossible for the company to meet

its Q1 revenue guidance. Meanwhile, the RBA's Feb meeting minutes applied some

modest additional pressure to AUD as they mentioned the risk to Australian

economy posed by the coronavirus, revealing that members deemed it "material."