The Australian dollar strengthened against the other major currencies in the pre-European session on Friday.

The Australian dollar rose to 4-day highs of 1.4205 against the euro and 85.50 against the yen, from early lows of 1.4218 and 84.93, respectively.

Against the U.S., the New Zealand and the Canadian dollars, the aussie advanced to 0.7473, 1.0414 and 0.9863 from early lows of 0.7442, 1.0382 and 0.9828, respectively.

If the aussie extends its uptrend, it is likely to find resistance around 1.40 against the euro, 87.00 against the yen, 0.75 against the greenback, 1.06 against the kiwi and 1.01 against the loonie.

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