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Apr 20 - 07:55 AM

AUD/USD - Helped To Six-Day High By Cash Bid For Ramsay News

By Rob Howard  —  Apr 20 - 05:40 AM
  • AUD/USD helped to 0.7436 by news of A$20 billion bid for Australia's Ramsay

  • See: nL3N2WH3KTnL3N2WI1SA. 0.7436 is highest level since Maundy Thursday

  • 0.7343 was Monday's one-month low (0.7351 was Tuesday's NY session low)

  • Offers may emerge near 0.7464 and 0.75 if AUD/USD extends north

  • 0.7464 is 38.2% Fibo of 0.7661 (April 5, 10-month high) to 0.7343

  • 0.7400 (Tuesday's high) is now a support point. 0.7373 was Asian session low

AUDUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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