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Oct 27 - 07:55 AM

AUD/USD - Holds Above 0.71 As M&A News Lends Support

By Rob Howard  —  Oct 27 - 05:55 AM
  • Mooted bids into 0.7100 and offers near 0.7158 are helping parameter AUD/USD

  • Prior demand ahead of 0.7100 propped the pair on Monday and Friday

  • 0.7158 = 61.8% Fibo of 0.7243 to 0.7021, and last week's high (Oct 15)

  • M&A news is AUD-supportive, re: CCEP approach for Amatil; and Boral news

  • See: nL1N2HG0SGnL1N2HH2M0. Australian Q3 inflation data due 0030GMT

  • Aussie GDP likely turned positive in Q3 - Debelle nL1N2HI0ALnL4N2HE2LS

AUDUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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