The Australian dollar drifted lower against its major counterparts in pre-European deals on Wednesday.

The aussie pared gains to 1.0433 against the kiwi, from a high of 1.0469 hit at 7:10 pm ET.

The aussie declined to a 5-day low of 76.15 against the yen, 2-day lows of 1.4875 against the euro, 0.7589 against the greenback and 0.9823 against the loonie, off its early highs of 76.50, 1.4837, 0.7618 and 0.9841, respectively.

The next possible support for the aussie may be found around 73.6 against the yen, 1.52 against the euro, 0.72 against the greenback, 0.95 against the loonie and 1.03 against the kiwi.

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