The Australian dollar extended previous session's downtrend against its Canadian counterpart in early New York deals on Monday. The aussie reached 1.0316 against the Canadian dollar around 8:50 am ET, its weakest level since November 5.
The aussie-loonie pair is now trading well-below its 50-day simple moving average level with 1.0290 seen as the next likely support area, at which the 100-day SMA stands in the daily chart.
by RTT Staff Writer
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