RTTN:Aussie Trades Back Above Parity Against Canadian Dollar
The Australian dollar continued to creep higher against its Canadian counterpart for the third consecutive session in early European deals on Tuesday.
The aussie advanced to 1.0001 against the Canadian dollar around 3:00 am ET, with the pair rising back above the parity for the first time since October 29, 2013. The next likely resistance for the aussie-loonie pair is seen around the 1.0040 area.