The Australian dollar retreated from its recent highs against the other major currencies in the Asian session on Tuesday.

The Australian dollar fell to an 8-day low of 1.1180 against the NZ dollar, from an early 4-day high of 1.0704.

Against the U.S. and the Canadian dollar, the aussie dropped to 0.7464 and 0.9447 from early highs of 0.7490 and 0.9478, respectively.

Pulling away from early highs of 91.84 against the yen and 1.4727 against the euro, the aussie edged down to 91.54 and 1.4777, respectively.

If the aussie extends its downtrend, it is likely to find support around 1.06 against the kiwi, 0.72 against the greenback, 0.92 against the loonie, 90.00 against the yen and 1.49 against the euro.

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