The Australia and New Zealand dollars weakened against their major currencies in the Asian session on Thursday.
The Australian dollar fell to an 8-day low of 1.4044 against the euro and a 6-day low of 93.19, from yesterday’s closing quotes of 1.3978 and 93.69, respectively.
Against the U.S. and the Canadian dollars, the aussie dropped to 3-day lows of 0.7806 and 0.9773 from yesterday’s closing quotes of 0.7840 and 0.9815, respectively.
The NZ dollar fell to a 1-week low of 1.4483 against the euro, from yesterday’s closing value of 1.4411.
Against the yen and the U.S. dollar, the kiwi slipped to a 6-day low of 90.37 and a 3-day low of 0.7569 from yesterday’s closing quotes of 90.84 and 0.7601, respectively.
If the aussie extends its downtrend, it is likely to find support around 1.43 against the euro, 91.70 against the yen, 0.75 against the greenback and 0.96 against the loonie.
The kiwi may test support near 1.48 against the euro, 88.12 against the yen and 0.72 against the greenback.
The material has been provided by InstaForex Company – www.instaforex.com