The Australian dollar retreated from its early highs against the other major currencies ahead of European session on Tuesday.

The Australian dollar fell to a 1-week low of 90.77 against the yen, from an early high of 91.37.

Pulling away from an early high of 1.3873 against the euro, the aussie dropped to 1.3912.

Against the U.S., the New Zealand and the Canadian dollars, the aussie edged down to 0.7575, 1.0164 and 0.9535 from early highs of 0.7623, 1.0198 and 0.9585, respectively.

If the aussie extends its downtrend, it is likely to find support around 89.00 against the yen, 1.45 against the euro, 0.74 against the greenback, 1.00 against the kiwi and 0.94 against the loonie.

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