After moving broadly sideways in late Asian deals, the Australian dollar resumed its uptrend against other major currencies in early European session on Friday.
The Australian dollar touched a 4-day high of 1.0521 against the US dollar and a 2-day high of 82.33 against the yen around 5:00 am ET. If the aussie extends gains, likely resistance levels are seen at 1.0550 against the greenback and 83.0 against the yen.
The Australian dollar also advanced against its Canadian rival, rising to a 4-day high of 1.0249 around 5:00 am ET. The aussie-loonie pair is presently worth 1.0240 with 1.0280 seen as the next likely resistance level in the near-term.
The Australian currency extended previous session's weekly advance against the euro in early deals, rising as much as 1.2376 before leveling off around 4:25 am ET. Further buying could help the aussie re-test the 1.23 level against the euro after a gap of a week.
The aussie also strengthened to a session high of 1.2637 against the NZ dollar with 1.2680 seen as the next likely upside target level.
by RTT Staff Writer
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