AUD/USD sank in Tuesday's trade, with........>

AUSSIE: AUD/USD sank in Tuesday's trade, with initial downside momentum ignited

by a wider risk-off reaction to reports surrounding North Korea's Kim Jong Un's

health. The pair faced additional pressure as turmoil in the oil market

continued, with the June contract for WTI tumbling. A brief spell of USD

weakness prompted the rate to pop higher in the London afternoon, but it

remained subdued towards the end of the day.

- A speech from RBA's Lowe drew some attention yesterday, as the Governor warned

against the economic downturn caused by the coronavirus outbreak, which can

result in a 10% GDP fall & push unemployment to 10% in the first half of the

year. He added that the interest rates will stay low for a "very long time".

- The rate sits at $0.6285, marginally higher. Bulls need a break above Apr 20

high of $0.6397 before setting their sights on Apr 14 high of $0.6445, key

near-term resistance. Bears keep an eye on Tuesday's low of $0.6254. A break

here would expose Mar 31 high of $0.6214, former breakout level.

- The ABS will release preliminary retail sales data for March later today.

Flash CBA PMI Surveys will hit the wires on Thursday.