Australian Dollar Recovers Against Majors
May 18 2017 - 7:31PM
RTTF2
The Australian dollar recovered from recent lows against the
other major currencies in the Asian session on Friday.
The Australian dollar rose to 1.4949 against the euro and 82.71
against the yen, from early lows of 1.5000 and 82.34,
respectively.
Against the U.S. and the Canadian dollars, the aussie advanced
to 0.7428 and 1.0102 from an early 2-day lows of 0.7406 and 1.0077,
respectively.
If the aussie extends its uptrend, it is likely to find
resistance around 1.46 against the euro, 84.00 against the yen,
0.76 against the greenback and 1.02 against the loonie.
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