(Bloomberg) -- The Australian dollar snapped two days
of losses and may resume this year's appreciation after it failed
to drop below a level on technical charts traders watch to
predict price movements.
The currency was at 81.92 U.S. cents at 4:50 p.m. in Sydney
compared with 81.80 cents late in New York May 25, taking gains
for the year to 3.9 percent. A 0.6 percent decline last week held
above a May 4 low of 81.71, the weakest since April 10.
Read more at Bloomberg Currencies News
of losses and may resume this year's appreciation after it failed
to drop below a level on technical charts traders watch to
predict price movements.
The currency was at 81.92 U.S. cents at 4:50 p.m. in Sydney
compared with 81.80 cents late in New York May 25, taking gains
for the year to 3.9 percent. A 0.6 percent decline last week held
above a May 4 low of 81.71, the weakest since April 10.
Read more at Bloomberg Currencies News
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