It may only be the 26th but there's only today and tomorrow before the month bows out.

EUR/USD jumped just before the sentiment data, as did EUR/GBP and that looks like a typical bit of end of month business.

The aussie is where most of the action is as it bludgeons its way into 0.7900 to 0.7911. GBP/AUD has also reversed the gains made over the capex data and completes a rough 190 pip round trip from 1.9625 to 1.9815

GBP/AUD hourly chart

As for AUD/USD, we're at the highest since the end of Jan and have the 55 dma as the next tech resistance on the list at 0.7962

AUD/USD daily

0.8030/50 is the next area of resistance to watch but as you can see from where the 38.2 fib is, we're still very much depressed and still within a 300 pip range since the lows were posted. Intraday this may look like a decent move but looking at the wider angle I'd want to at least see a test of the fib before ruling out a further downside move.

Chinese easing news and the US dollar falling are drivers but there is a definite pull from other currencies like the pound