The Australian dollar slipped against its major rivals in European deals on Friday.

The aussie fell to 1.4348 against the euro, a level not seen since April 7, while dropping to a 3-day low of 0.7849 against the greenback.

The aussie pared gains to 94.07 against the yen and 1.0366 against the kiwi, from its early highs of 94.65 and 1.0412, respectively.

The next possible downside target for the aussie is likely seen around 0.78 against the greenback, 92.5 against the yen, 1.025 against the kiwi and 1.44 against euro.

The material has been provided by InstaForex Company – www.instaforex.com