The Australian dollar retreated from early highs against some of the major currencies ahead of European deals on Wednesday.

The aussie edged down to 0.7616 against the greenback, 1.4145 against the euro and 0.9647 against the loonie, from early highs of 0.7662, 1.4057 and 0.9702, respectively.

The next possible downside target for the aussie may be located around 0.75 against the greenback, 1.42 against the euro and 0.96 against the loonie.

AUD vs US Dollar (FX:AUDUSD)
Forex Chart
From Aug 2024 to Sep 2024 Click Here for more AUD vs US Dollar Charts.
AUD vs US Dollar (FX:AUDUSD)
Forex Chart
From Sep 2023 to Sep 2024 Click Here for more AUD vs US Dollar Charts.