Australian Dollar Advances Against Majors
February 28 2017 - 08:23PM
RTTF2
The Australian dollar strengthened against the other major
currencies in the Asian session on Wednesday.
The Australian dollar rose to 2-day highs of 0.7699 against the
U.S. dollar and 1.3749 against the euro, from an early more than
2-week low of 0.7637 and a 9-day low of 1.3837, respectively.
Against the Canadian dollar, the yen and the NZ dollar, the
aussie advanced to a 3-1/2-month high of 1.0229, a 5-day high of
86.97 and a 1-week high of 1.0731 from yesterday's closing quotes
of 1.0179, 86.33 and 1.0645, respectively.
If the aussie extends its uptrend, it is likely to find
resistance around 0.78 against the greenback, 1.35 against the
euro, 1.03 against the loonie, 88.00 against the yen and 1.08
against the kiwi.
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