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Forex News: Australian Dollar Recovers Against Majors

Australian Dollar Recovers Against Majors

04/04/2017 - 00:15:00 (RTTNews)

(RTTNews) - The Australian dollar recovered from recent lows against its major currencies in the Asian session on Tuesday.

The Australian dollar rose to 0.7615 against the U.S. dollar, 84.27 against the yen and 1.0871 against the NZ dollar, from early 1-week lows of 0.7587, 83.86 and 1.0829, respectively.

Against the euro, the aussie advanced to 1.4009 from an early 5-day low of 1.4057.

If the aussie extends its uptrend, it is likely to find resistance around 0.78 against the greenback, 86.00 against the yen, 1.10 against the kiwi and 1.38 against the euro.

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