The Australian dollar gave up its early gains against its major counterparts in Europe on Wednesday.

The aussie was trading at 93.49 against the yen, 1.0622 against the kiwi and 0.9874 against the loonie, reversing from early 5-day high of 94.61, 6-day highs of 1.0746 and 0.9963, respectively.

Having climbed to a 5-day high of 0.8024 against the greenback, the aussie fell back to 0.7940. The aussie is thus heading to break its early 2-day low of 0.7900.

The aussie reversed from an early high of 1.4164 against the euro and slipped back to 1.4307. The Australian currency is on its way to pierce to early 6-day low of 1.4366.

The aussie is likely to find support around 0.776 against the greenback, 1.44 against the euro, 1.05 against the kiwi, 0.975 against the loonie and 92.5 against the yen.

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