The Australian dollar came off from its previous highs against some of the major currencies ahead of European trading on Wednesday.

The aussie pared gains to 0.9467 against the loonie, 0.7309 against the greenback and 90.28 against the yen, off an early high of 0.9503, 5-day highs of 0.7350 and 90.83, respectively.

The next possible support for the aussie may be located around 0.70 against the greenback, 0.93 against the loonie and 89.00 against the yen.

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