Australian Dollar Retreats Majors
July 26 2016 - 8:41PM
RTTF2
The Australian dollar retreated from early highs against some
major currencies in the Asian session on Wednesday.
The Australian dollar fell to a 5-day low of 1.4733 against the
euro and a 2-day low of 0.7458 against the U.S. dollar, from an
early 9-day high of 1.4526 and an 8-day high of 0.7565,
respectively.
Against the yen, the aussie dropped to 78.81 from an early 2-day
high of 79.57.
The aussie slipped to a 2-day low of 0.9839 against the Canadian
dollar, from an early high of 0.9955.
Against the NZ dollar, the aussie edged down to 1.0633 from an
early 2-day high of 1.0723. This may be compared to an early 1-week
low of 1.0624.
If the aussie extends its downtrend, it is likely to find
support around 1.49 against the euro, 0.73 against the greenback,
74.00 against the yen, 0.96 against the loonie and 1.03 against the
kiwi.
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