AUD - Strong Bearish 1️⃣ New South Wales Australia reported 1,029 cases of local infection. Meanwhile, lockdowns in the state were extended until September 10. 2️⃣ Market sentiment turned negative after Australia reported more than 1 thousand cases of infection. 3️⃣ As a high-beta currency, the AUD is under pressure from negative sentiment. 4️⃣ Retail sales in Australia declined by 2.7% in July 2021, compared with market forecasts of a 2.3% fall and after a final 1.8% drop in June.