Free Trial

Victoria Lockdown Extended For Seven Days

AUD

AUD/USD coming under some fresh pressure after news that the Victoria state lockdown would be extended for seven days. It has been reported earlier that the lockdown would be extended (duration unknown) due to the still elevated number of infections. There were 13 new cases in Victoria in the past 24 hours.

  • In NSW, meanwhile, there were 78 new cases in the past 24 hours, down slightly from 98 in the previous period.
  • AUD/USD is down 11 pips at 0.7334, support is seen at 0.7304, the 1.236 projection of the Feb 25 - Apr 1 - May 10 price swing.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.