The Australian dollar weakened against the other major currencies in the Asian session on Thursday.
The Australian dollar fell to a 6-day low of 0.9748 against the Canadian dollar, from yesterday’s closing value of 0.9803.
The aussie dropped to 2-day lows of 1.4501 against the euro and 1.0378 against the NZ dollar, from yesterday’s closing quotes of 1.4403 and 1.0430, respectively.
Against the U.S. dollar and the yen, the aussie edged down to 0.7835 and 93.28 from yesterday’s closing quotes of 0.7885 and 93.72, respectively.
If the aussie extends its downtrend, it is likely to find support around 0.95 against the loonie, 1.49 against the euro, 1.02 against the kiwi, 0.76 against the greenback and 90.40 against the yen.
The material has been provided by InstaForex Company – www.instaforex.com