The aussie rebounded on Thursday from the 1-month lows against the U.S. dollar and yen it hit on Wednesday, making significant gains against both currencies.
During midday European trading, AUD/USD hit 0.9024, gaining 0.8%. The pair was likely to find resistance around 0.9092, Monday’s high, and support at 0.8908, Wednesday’s low.
Meanwhile, AUD/JPY hit 81.50, gaining 1.14%. The pair will likely find resistance at 82.2, Tuesday’s high, and support at Wednesday’s low of 79.83, which was also a 1-month low.
The aussie also made gains against the euro, as EUR/AUD dropped to 1.5533, shedding 0.86%.