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.
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Forex News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.