Australian Dollar Retreats Against Most Majors

The Australian dollar wiped out its early advance against its most major counterparts in European deals on Thursday.

The aussie dropped to a 2-day low of 0.7261 versus the greenback, from its previous high of 0.7322.

The aussie declined to 0.9422 against the loonie, 90.31 against the yen and 1.5086 against the euro, coming off from an early high of 0.9487, 6-day highs of 90.89 and 1.4982, respectively.

The aussie may possibly challenge support around 0.70 against the greenback, 0.925 against the loonie, 89.00 against the yen and 1.52 against the euro.

The material has been provided by InstaForex Company –