RTTN:Australian Dollar Trades Below 0.99 Against Canadian Dollar
The Australian dollar extended yesterday's downtrend against its Canadian counterpart in early European deals on Wednesday.
The aussie fell below the key 0.99 level against the Canadian dollar around 2:50 am ET and was holding on that level since then.
The next downside target level for the aussie-kiwi pair is seen at 0.9885, its May 31st low and a move below that level could set its weakest mark in more than 2-years.
