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Lockdown risks weigh on the currency

AUSSIE
AUD remains under pressure this morning, Covid hitting Victoria significantly and risk of further lockdown has AUDUSD down 0.37%.
  • The pair has given back the whole of Thursday and Friday's gains and is trading below 0.7121 Low Jul 30.
  • Further momentum towards 0.7100 and through the latter would open back to MNI tech 0.7064 Low Jul 24 and key near-term trend support.

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