The Australian dollar extended its early decline against some of the major currencies in European deals on Tuesday.

The aussie dropped to a 2-year low of 0.9308 against the loonie, 8-day low of 0.7064 against the greenback and a 6-day low of 84.56 against the yen, from Monday's closing values of 0.9343, 0.7112 and 86.21, respectively. The aussie may challenge support around 0.92 against the loonie, 0.69 against the greenback and 83.00 against the yen.

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