Victoria Covid-19 Death Count Weighs On AUD

AUD/USD has shed a handful of pips at the start to the week, with markets
somewhat unnerved with Sino-U.S. diplomatic tensions & divisions among
U.S. lawmakers re: fiscal matters. Local Covid-19 situation adds pressure
to AUD, after Victoria declared a record increase in Covid-19 fatalities.

• Victoria Premier Andrews said that retired medical personnel would return to
  work, while military officials will train with ambulance staff.
• As the spread of new infections across Australia remains closely watched,
  the Supreme Court of New South Wales prohibited a planned Black Lives
  Matter rally, scheduled for Jul 28.
• AUD/USD last trades -12 pips at $0.7093. Bears look for a break under
  Jun 10 high of $0.7063, before targeting Jul 21 low of $0.7010. Bulls
  need a rebound above Jul 22 high of $0.7182 before taking aim at
  Apr 18, 2019 high of $0.7199.
• Looking ahead, Australian CPI hits on Weds, building approvals are due Thurs,
  while private sector credit & PPI come out Fri. RBA's Kent speaks today.