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Sep 26 - 02:55 AM

AUD/USD - Jumps On Chinese Government's Renewed Policy Push

By Ewen Chew  —  Sep 26 - 02:00 AM
  • AUD/USD powers higher to 0.6861 from Thurs open 0.6826

  • Bounces off 0.6822 base of Bollinger uptrend channel, eyes 0.7000

  • Bullish chart outlook affirmed as China steps up stimulus

  • Politburo pledges stronger counter-cylical support nP8N3K00M3

  • Says will seek to boost incomes, improve job prospects

  • Also says will promote private sector economy, spur capital mkt

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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