Australian Dollar edges lower amid a lower equity market, stable US Dollar

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Australian Dollar edges lower amid a lower equity market, stable US Dollar
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The Australian Dollar (AUD) retraces its recent gains registered on Tuesday, edging lower on Wednesday.

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Australian Dollar depreciates due to the lower ASX 200 Index on Wednesday. Australian Industry Group Industry Index improved to a reading of -5.3 from -14.9 prior. China's Services PMI improved to 52.7 in March, compared with the previous reading of 52.5. US Dollar receives downward pressure following dovish remarks from Fed officials. The Australian Dollar retraces its recent gains registered on Tuesday, edging lower on Wednesday.

Additional resistance is situated at the major level of 0.6550. AUD/USD: Daily Chart Australian Dollar price today The table below shows the percentage change of Australian Dollar against listed major currencies today. Australian Dollar was the weakest against the Euro. USD EUR GBP CAD AUD JPY NZD CHF USD -0.06% 0.04% 0.06% 0.09% 0.03% 0.17% 0.05% EUR 0.05% 0.09% 0.12% 0.15% 0.08% 0.22% 0.10% GBP -0.04% -0.10% 0.02% 0.05% -0.01% 0.13% 0.01% CAD -0.05% -0.12% -0.03% 0.02% -0.03% 0.12% -0.

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