Thursday was a bearish inside day for........>

AUSSIE: Thursday was a bearish inside day for AUD/USD. The pair was mildly bid

in Asia-Pac hours as participants grew more optimistic re: potential coronavirus

containment, welcomed China's decision to trim some levies on U.S. goods &

reacted positively to a better than forecast quarterly retail sales print out of

Oz. That said, the rate slipped into the European morning and after a brief

recovery attempt resumed its sell-off. A stronger DXY drove aided the decline.

- RBA Gov Lowe testifies to parliament at typing. His comments have been covered

in earlier bullets. Nothing to move the needle for AUD so far.

- AUD/USD sits at $0.6732, barely changed. A fall below $0.6700 would fix

bearish focus on the multi-month low of $0.6679, printed on Feb 4. Meantime,

bulls look for a break above the Jan 29 high of $0.6777 to clear the way to

(tentative) trendline resistance at $0.6796.

- The RBA will publish its most recent SoMP later today. On the Aussie docket

next week we have housing finance data and monthly NAB Biz. Confidence, due

Tuesday. RBA's Heath & Lowe will speak on Wednesday & Thursday respectively.