The Australian dollar weakened against the other major currencies in the Asian session on Tuesday.
The Australian dollar fell to a 2-week low of 1.0059 against the NZ dollar and a 6-day low of 1.3961 against the euro, from yesterday’s closing quotes of 1.0077 and 1.3899, respectively.
Against the U.S. dollar and the yen, the aussie dropped to 5-day lows of 0.7683 and 91.78 from yesterday’s closing quotes of 0.7723 and 92.02, respectively.
The aussie edged down to 0.9417 against the Canadian dollar, from yesterday’s closing value of 0.9441.
If the aussie extends its downtrend, it is likely to find support around 0.99 against the kiwi, 1.45 against the euro, 0.75 against the greenback, 89.00 against the yen and 0.93 against the loonie.
The material has been provided by InstaForex Company – www.instaforex.com