RTTN:Australian Dollar Drops To 4-day Low Against Canadian Dollar
After moving broadly sideways in most part of Tuesday's Asian session, the Australian dollar resumed its overnight downtrend against its Canadian counterpart ahead of the European session.
The aussie reached a 4-day low of 1.0509 against the Canadian dollar around 2:20 am ET, down almost 0.2 percent from Monday's close of 1.0529. On the downside, 1.0470 is seen as the next likely support level for the aussie-loonie pair in the near-term.
