The Australian dollar strengthened against the other major currencies in the Asian session on Tuesday.
The Australian dollar rose to 4-day highs of 0.6971 against the U.S. dollar, 83.18 against the yen and 1.6019 against the euro, from yesterday’s closing quotes of 0.6924, 82.59 and 1.6129, respectively.
Against the New Zealand and the Canadian dollars, the aussie advanced to a 1-week high of 1.1100 and a 5-day high of 0.9274 from yesterday’s closing quotes of 1.1059 and 0.9209, respectively.
If the aussie extends its uptrend, it is likely to find resistance around 0.71 against the greenback, 87.00 against the yen, 1.56 against the euro, 1.12 against the kiwi and 0.94 against the loonie.
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