SYDNEY: The Australian dollar recovered from its recent lows against the other major currencies in the Asian session on Thursday.
The Australian dollar rose to 2-day highs of 92.06 against the yen and 1.5046 against the euro, from recent lows of 91.18 and 1.5208, respectively. At yesterday’s close, the aussie was trading at 91.68 against the yen and 1.5110 against the euro.
Against the U.S. and the Canadian dollars, the aussie advanced to 2-day highs of 0.7409 and 0.9603 from recent lows of 0.7331 and 0.9542, respectively. At yesterday’s close, the aussie was trading at 0.7382 against the greenback and 0.9579 against the loonie.
If the aussie extends its uptrend, it is likely to find resistance around 94.50 against the yen, 1.47 against the euro, 0.74 against the greenback and 0.97 against the loonie.
