AUD/USD finished last week on the............>

AUSSIE: AUD/USD finished last week on the defensive, as Friday saw broader risk

aversion inspire a steady pressure on the pair. A slew of worrying earnings

reports and the ratcheting up of U.S.-China tensions resulted in a hunt for

safety, with liquidity thinned by holidays in numerous mkts (though not in Oz).

- The risk-off feel has carried over into the start to this week, following a

weekend round of hawkish comments from U.S. Sec of State Pompeo, renewed

tensions on the Korean peninsula and the wider coronavirus worry.

- Australia's Population Min Tudge told ABC this morning that the impact of the

coronavirus outbreak on migration may mean that the nation's population growth

will drop by half, resulting in adverse economic consequences.

- The rate sits -17 pips at $0.6401, having probed the water below $0.6400. A

fall below the 50-DMA at $0.6292 would open up Apr 21 low of $0.6254, a key

support level. Bulls look for a jump above Apr 30 high of $0.6570.

- Looking ahead, coming up this week we have building approvals & ANZ job ads

(today), weekly payroll data & RBA MonPol decision (Tuesday), retail sales

(Wednesday), trade balance (Thursday) and the RBA's SoMP (Friday).