The Australian dollar weakened against the other major currencies in the Asian session on Wednesday.
The Australian dollar fell to 1.5021 against the euro and 87.61 against the yen, from yesterday’s closing quotes of 1.4965 and 87.84, respectively.
Against the U.S. and the Canadian dollars, the aussie edged down to 0.7271 and 1.0073 from yesterday’s closing quotes of 0.7294 and 1.0096, respectively.
If the aussie extends its downtrend, it is likely to find support around 1.52 against the euro, 86.00 against the yen, 0.71 against the greenback and 0.99 against the loonie.
The material has been provided by InstaForex Company – www.instaforex.com