Australian, NZ Dollars Extend Decline Against Majors

The Australian and New Zealand dollars extended their early decline against the other major currencies in New York deals on Tuesday.

The aussie fell to more than a 2-week low of 1.0674 against the kiwi, near 5-week low of 0.7735 against the greenback and a 4-day low of 1.4091 against the euro, off early high of 1.0718, session's high of 0.7839 and a multi-week high of 1.3949, respectively.

The aussie reversed from an early 4-day high of 95.76 against the yen and eased to 95.33.

The kiwi also slipped to a 2-1/2-month low of 0.7228 against the greenback and a 4-day low of 1.5079 versus the euro, reversing from previous 4-day high of 0.7321 and near a 3-week high of 1.4934, respectively.

The kiwi edged down to 89.09 against the yen, from near a 2-week high of 89.61 hit in early deals.

The aussie may find support around 0.75 against the greenback, 94.00 against the yen, 1.42 against the euro and 1.05 against the kiwi. Meanwhile, the kiwi is likely to find support around 0.70 against the greenback, 87.5 against the yen and 1.54 against the euro.