Canadian Dollar Extends Yesterday's Gains Against Aussie

(RTTNews) - Against the Australian dollar, the Canadian currency strengthened in Asian trading on Tuesday. The pair moved to 0.8508 from 0.8571 by about 9:30 pm ET, but thereafter, held steady. The Canadian dollar is now worth 0.8527 against the Aussie. If the loonie loses ground, immediate support is seen around the 0.8543 level, which is the 50-day moving average on a 5-minute chart of the aussie-loonie pair. By virtue of the recent gains, the Canadian currency added to its yesterday's advancements, and the pair is now trading near a 1-month high.