eFXData

eFX Apex

The Institutional-Grade Data Hub

  • Plus: Discretionary Trades
  • Edge: Sentiment Trades
  • Alpha: Systematic Trades
  • Apex: Full Big Data Stream
TDUX
May 29 - 03:55 PM

AUD/USD - Hopes For US-Iran Deal Boost Riskier Assets

By Christopher Romano  —  May 29 - 01:55 PM

• NY opened near 0.7155 after AUD/USD traded 0.7150 in Europe's morning

• Rally ensued on report Pres. Trump to make determination on deal with Iran

• USD, US yields fell & USD/CNH hit a fresh 3-1/4-year low of 6.7605

• Gold, silver and copper moved upward while stocks hit new all-time highs

• AUD/USD rallied above the 21-DMA, hit 0.7200 then neared 0.7185, was up +0.32% late

• May's monthly doji indicates either pause in long-term rally or reversal

• Widening Bollinger bands indicates rally could resume however
audusd


(Christopher Romano is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters
By continuing to browse our site, you agree to our use of cookies, Privacy Notice, and Terms of Service.
© 2026 eFXdata · All Rights Reserved