Australian Dollar Recovers Against Majors
June 17 2024 - 10:24PM
RTTF2
The Australian dollar recovered from recent lows against other
major currencies in the Asian session on Tuesday.
The Australian dollar rose to a 6-day high of 1.0828 against the
NZ dollar, from an early low of 1.0782.
Against the U.S. dollar and the yen, the aussie advanced to
4-day highs of 0.6628 and 104.61 from early lows of 0.6601 and
104.03, respectively.
Moving away from early lows of 1.6246 against the euro and
0.9101 against the Canadian dollar, the aussie edged up to 1.6180
and 0.9101, respectively.
If the aussie extends its uptrend, it is likely to find
resistance around 1.09 against the kiwi, 0.68 against the
greenback, 104.03 against the yen, 1.60 against the euro and 0.92
against the loonie.
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