The Australian dollar weakened against the other major currencies in the Asian session on Wednesday.

The Australian dollar fell to a 2-day low of 0.7417 against the U.S. dollar and a 5-day low of 0.9852 against the Canadian dollar, from yesterday's closing quotes of 0.7461 and 0.9905, respectively.

Against the yen, the euro and the NZ dollar, the aussie dropped to 84.66, 1.4449 and 1.0419 from an early 2-day highs of 85.32, 1.4341 and 1.0496, respectively.

If the aussie extends its downtrend, it is likely to find support around 0.72 against the greenback, 0.97 against the loonie, 81.00 against the yen, 1.40 against the euro and 1.03 against the kiwi.

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