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Australian Dollar Falls Against Majors
(RTTNews) - The Australian dollar retreated from recent highs against other major currencies in the Asian session on Tuesday.
The Australian dollar fell to a 1-week low of 1.2155 against the NZ dollar and a 6-day low of 0.9723 against the Canadian dollar, from early highs of 1.2220 and 0.9768, respectively.
Against the U.S. dollar and the euro, the aussie dropped to 5-day lows of 0.7136 and 1.6372 from early highs of 0.7171 and 1.6297, respectively.
The aussie slid to a 4-day low of 112.20 against the yen, from an early low of 112.77.
If the aussie extends its downtrend, it is likely to find support around 1.20 against the kiwi, 0.96 against the loonie, 0.70 against the greenback, 1.65 against the euro and 110.00 against the yen.
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