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EURJPY TECHS

Needle Still Points South

USDJPY TECHS

Resistance Remains Intact

FED

Reverse Repo Operation

FOREX

Softer Greenback Extends GBP Bounce

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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.