Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Sep 30 - 01:55 PM

AUD/USD - Bulls Hold Control At Month, Quarter Ends

By Christopher Romano  —  Sep 30 - 01:25 PM
  • AUD/USD opened NY near 0.6915 after 0.69415 traded overnight

  • Dip was bought as investors hope China stimulus drive economic growth

  • Iron-ore DCIOc2 gains extended to help lift AUD/USD higher

  • Erosion of some US yield US2YT=RR gains, AUD/JPY rally helped lift AUD/USD

  • Pair hit 0.69415 then dipped, was up +0.54% late in the session

  • Techs are bullish; daily, monthly RSIs rising, pair above many daily MAs

  • Monthly and daily bull hammer candles reinforce the bullish signals

  • Australia Aug. Building approvals, Japan Q3 Tankan are risks in Asia

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2024 eFXdata · All Rights Reserved
!