Reversing direction, the Australian dollar advanced against its most major rivals in pre-European deals on Monday.

The aussie bounced off to 0.7634 against the greenback, 1.4256 against the euro and 79.22 against the yen, from its early lows of 0.7591, 1.4318 and 78.88, respectively.

The aussie spiked up to more than a 2-year high of 1.0178 against the loonie, from its previous low of 1.0133.

The aussie is likely to find resistance around 0.78 against the greenback, 82.00 against the yen, 1.40 against the euro and 1.03 against the loonie.

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