The Australian and New Zealand dollars trimmed early losses against their major counterparts in Europe on Tuesday.
The aussie advanced to 0.8135 against the greenback and 0.9453 against the loonie, off an early 4-1/2-year low of 0.8087 and a 15-month low of 0.9398, respectively.
The aussie hit a 4-day high of 97.70 against the yen from previous low of 97.17.
Rebounding from early 5-day low of 1.5121 against the euro, the aussie ticked up to 1.5031.
The NZ dollar also recovered, touching 0.7752 against the greenback and 1.5769 against the euro, off early lows of 0.7718 and 1.5844, respectively.
The kiwi advanced to near a 2-week high of 93.10 against the yen, compared to an early low of 92.65.
The next possible resistance for the aussie is seen around 0.835 against the greenback, 98.7 against the yen, 1.49 against the euro and 0.95 against the loonie. The kiwi is likely to find resistance around 0.78 against the greenback, 95.00 against the yen and 1.57 against the euro.
The material has been provided by InstaForex Company – www.instaforex.com