The Australian dollar strengthened against the other major currencies in the Asian session on Tuesday.
The Australian dollar rose to nearly a 2-week high of 0.9611 against the Canadian dollar, from yesterday’s closing value of 0.9581.
Against the U.S. dollar, the yen and the euro, the aussie advanced to 0.7299, 90.55 and 1.4988 from yesterday’s closing quotes of 0.7283, 90.34 and 1.5028, respectively.
The aussie edged up to 1.1116 against the NZ dollar, from yesterday’s closing value of 1.1089. This may be compared to an early near 2-week high of 1.1121.
If the aussie extends its uptrend, it is likely to find resistance around 0.96 against the loonie, 0.74 against the greenback, 92.50 against the yen, 1.47 against the euro and 1.12 against the kiwi.