The Australian dollar strengthened against other major currencies in the Asian session on Wednesday.

The Australian dollar rose to nearly a 10-year high of 101.07 against the yen and a 10-month high of 1.0983 against the NZ dollar, from yesterday's closing quotes of 100.42 and 1.0932, respectively.

Against the U.S. dollar, the euro and the Canadian dollar, the aussie advanced to near 2-week highs of 0.6530, 1.6408 and 0.8916 from Tuesday's closing quotes of 0.6485, 1.6490 and 0.8861, respectively.

If the aussie extends its uptrend, it is likely to find resistance around 102.00 against the yen, 1.10 against the kiwi, 0.67 against the greenback, 1.63 against the euro and 0.90 against the loonie.

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