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Data Shows Effects Of Lockdowns

AUD

AUD/USD coming under some extra pressure as the session wears on, AUD/USD last down 15 pips at 0.7336. Bears target 0.7235 next, a 1.236 projection of the Feb 25 - Apr 1 - May 10 price swing.

  • Data earlier showed Westpac consumer confidence fell 4.4% to 104.1, it follows figures yesterday that showed ANZ weekly consumer confidence fell to 98.6 from 101.8 as the effects of lockdowns start to affect business surveys. On the coronavirus front NSW reported 344 new cases, down slightly from 356 yesterday.

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