The Australian dollar trimmed its early losses against some of the major currencies in pre-European deals on Wednesday.

The aussie recovered to 0.9552 against the loonie, 1.5298 against the euro and 0.7514 against the greenback, from its early lows of 0.9510 and 1.5374, and near a near 2-month low of 0.7467, respectively.

The next possible resistance for the aussie may be found around 0.77 against the greenback, 1.50 against the euro and 0.97 against the loonie.

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