The Australian dollar strengthened against the other major currencies in the early European session on Monday.

The Australian dollar rose to near 2-week highs of 0.7494 against the U.S. dollar and 1.0094 against the Canadian dollar, from early lows of 0.7433 and 1.0032, respectively.

Against the euro and the yen, the aussie advanced to 1.4225 and 84.89 from early 4-day lows of 1.4309 and 83.17, respectively.

If the aussie extends its uptrend, it is likely to find resistance around 0.76 against the greenback, 1.04 against the loonie, 1.40 against the euro and 85.00 against the yen.

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