FX

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GBPUSD eases from 1.252, the highest since early-March, towards 1.2900. Overbought RSI conditions, resistance line of a bullish chart pattern favor the Cable’s further weakness. 200-bar SMA adds to the support, 1.3000 becomes the key for the further upside. GBP/USD recedes to 1.2925 during Wednesday’s Asian session. The pair refreshed the highest since March 13
 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
Here is what you need to know on Monday, July 27: Dollar’s sell-off extended into the weekly close, as risk-aversion was unable to trigger flows to the American currency. Tensions between the US and China, and the coronavirus developments in the world’s largest economy, were the main reason behind the greenback’s weakness. According to weekend