The Australian dollar extended its 2-day winning streak against its Canadian counterpart in late Asian deals Wednesday, rising above the key 0.96 level for the first time since July 18.
Next major levels to watch for the aussie-loonie pair on the upside are 0.9640/50, 0.97 and finally 0.9760, at which the 38.2 percent retracement and 100-day simple moving average levels meet.
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Forex News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.