The Australian dollar weakened against the other major currencies in the Asian session on Tuesday.
The Australian dollar fell to nearly a 1-year low of 0.9429 against the Canadian dollar and a 6-day low of 0.8115 against the U.S. dollar from yesterday's closing quotes of 0.9452 and 0.8127, respectively.
Against the euro and NZ dollar, the aussie edged down to 1.5065 and 1.0490 from yesterday's closing quotes of 1.5028 and 1.0511, respectively.
The aussie retreated to 97.49 against the yen, from an early high of 97.67.
If the aussie extends its downtrend, it is likely to find support around 0.80 against the greenback, 96.15 against the yen, 1.53 against the euro, 0.93 against the loonie and 1.04 against the kiwi.
The material has been provided by InstaForex Company – www.instaforex.com