Australia Victoria state expected to report 532 new cases of coronavirus – Herald Sun

 Australia Victoria state expected to report 532 new cases of coronavirus, according to the Herald Sun.

Australia Victoria to take longer than current lockdown period to slow virus, Reuters reported.

Key notes

  • May take longer than six weeks to flatten curve as virus now ‘embedded’ within community.
  • Deputy chief medical officer Coatsworth warns.

AUD/USD update

  • AUD/USD bearish gap is filled in as bulls step in ahead of a week thwart with risks. 
  • COVID-19, US/Sino and general economic risks are set to give the bulls a difficult time staying on top.
  • AUD/USD opened in a bearish gap within a 19 pip range at the start of business of the final week of July. 
  • The price at the time of writing is trading at 0.7096 within a 0.7082/11 range on the session so far. 

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  • BrokerEUR/USD
    City Index 0.5pips (fixed) margin: 3.33%
    LCG 0.3pips (variable) margin: 3.33%
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