RTTN:Australian Dollar Jumps To 5-day High Against US Dollar
After moving briefly sideways in late Asian deals, the Australian dollar resumed its early Asian session uptrend against the US dollar during early European deals on Monday.
The aussie approached near the key 1.04 level against its US counterpart around 5:50 am ET, rising as much as 1.0397, which was a five day high for the pair.
If the bull run for the aussie-buck pair extends beyond the key 1.04 level, next likely resistance could be around the 1.0440 area.
