Australian Dollar Gains in Asian Trading Session
On Wednesday's Asian trading session, the Australian dollar experienced notable appreciation against several key currencies. It reached a one-week high of 0.6495 USD, climbing from Tuesday's close of 0.6472.
Currency Performance
The aussie also hit five-day peaks of 95.90 against the Japanese yen, 1.7822 against the euro, and 0.8943 against the Canadian dollar, up from previous closes of 95.48, 1.7891, and 0.8913 respectively. Against the New Zealand dollar, it slightly increased to 1.0966 from 1.0955.
Market Analysts' Outlook
Analysts suggest that if the upward momentum continues, resistance levels may be encountered around 0.66 USD, 97.00 JPY, 1.76 EUR, 0.91 CAD, and 1.10 NZD.