Australia’s coronavirus deaths surpassed 1000 over the weekend, as New South Wales reported four deaths, with a new daily record of 1290 infections. As lockdown continues, Premier Gladys Berejiklian emphasized in the updated that “when we get to 70 per cent double dose, the freedoms we are expecting will be [for] those of [us who] are fully vaccinated.” Victoria also announced on Sunday that lockdown, the sixth one, would be extended.
Separately, New Zealand announced to extend level 4 restrictions in Auckland today, for at least another two weeks. Nevertheless, alert level for other parts of the country is lowered. Prime Minister Jacinda Ardern said it’s too soon to say whether the outbreak had peaked. But Director-general of health Dr Ashley Bloomfield noted the encouraging sign that the “R number” was already one.
AUD/NZD is still in a near term down trend even though downside momentum is diminishing, as seen in daily MACD. As long as 1.0538 resistance holds, current fall from 1.0944, as the third leg of the pattern from 1.1042, could still extend to 100% projection of 1.1042 to 1.0415 from 1.0944 at 1.0317.
