• AUD/USD hit 0.5987 Fri (5yr low) as tariff-war panic escalated dramatically

• Initial slide became an avalanche as risk-off sentiment ratcheted higher

• Breaks 0.5980 Apr 2020 low early Asia, vacuum beneath, may require RBA help

• Fed Chair Jerome Powell said tariffs may stoke inflation & undermine growth

• CN announced retaliatory tariffs spooking an already uncertain market

• Data in back seat for now, but China PPI/CPI & U.S. CPI due Thur may impact

• Range early Asia 0.5933-0.6071, support 0.5520, resistance 0.6390
AUD collapse

(James Connell is a Reuters market analyst. The views expressed are his own.)