The Australian dollar strengthened against the other major currencies in the Asian session on Monday.
The Australian dollar rose to 4-day highs of 0.7080 against the U.S. dollar and 84.93 against the yen, from Friday’s closing quotes of 0.7047 and 84.48, respectively.
Against the euro and the Canadian dollar, the aussie edged up to 1.5877 and 0.9307 from last week’s closing quotes of 1.5890 and 0.9266, respectively.
If the aussie extends its uptrend, it is likely to find resistance around 0.73 against the greenback, 87.00 against the yen, 1.55 against the euro and 0.94 against the loonie.
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