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Australian Dollar Drops To 2-day Low Against Canadian Dollar

The Australian dollar depreciated 0.4 percent to a 2-day low of 1.0632 against its Canadian counterpart in early deals Thursday from yesterday's fresh 1-year high of 1.0675.

The present pullback from yesterday's highs seems a correction in a broad-rally for the aussie-loonie pair, with 1.06 seen as the next likely support level and 1.0770 is seen as the next major resistance area.

by RTTNews Staff Writer

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