Australian Dollar Advances Against Majors

The Australian dollar strengthened against the other major currencies in the Asian session on Thursday.

The Australian dollar rose to 6-day highs of 90.89 against the yen and 1.4982 against the euro, from yesterday’s closing quotes of 90.39 and 1.5049, respectively.

Against the NZ dollar, the aussie advanced to a 3-day high of 1.1022 from yesterday’s closing value of 1.0935.

The aussie edged up to 0.7320 against the U.S. dollar and 0.9482 against the Canadian dollar, from yesterday’s closing quotes of 0.7293 and 0.9435, respectively.

If the aussie extends its uptrend, it is likely to find resistance around 91.80 against the yen, 1.47 against the euro, 1.11 against the kiwi, 0.74 against the greenback and 0.95 against the loonie.

The material has been provided by InstaForex Company – www.instaforex.com

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