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NSW Cases Jump, AUD Pressured

AUD

AUD/USD drops to session lows after NSW reports 239 new coronavirus cases and announces the Sydney lockdown will be tightened for some areas. After extending the Sydney's stay-at-home lockdown for another four weeks yesterday, NSW Premier Berejiklian also announced two million Sydney residents living in one of eight hotspot areas in the west and south-western suburbs would have to wear a mask whenever they leave home.

  • AUD/USD down 14 pips at 0.7363 at fresh session lows. Yesterday the rate bottomed out at 0.7317. Bears will target 0.7290 low from Jul 21 and the bear trigger.

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