Investing.com - The Australian Dollar was higher against the U.S. Dollar on Thursday after the release of U.S. data on GDP.
AUD/USD was trading at 1.0737, up 3.26% at time of writing.
The pair was likely to find support at 1.0315, Monday’s low, and resistance at 1.0753, today’s high.
Earlier in the day, preliminary official data showed that Gross domestic product in the U.S. rose more-than-expected to a seasonally adjusted annual rate of 2.5% in the last quarter from 1.3% in the preceding quarter.
Analysts had expected U.S. gross domestic product to rise 2.4% in the last quarter.
Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.89% to hit 1.3254 and AUD/JPY rising 2.87% to hit 81.49.
AUD/USD was trading at 1.0737, up 3.26% at time of writing.
The pair was likely to find support at 1.0315, Monday’s low, and resistance at 1.0753, today’s high.
Earlier in the day, preliminary official data showed that Gross domestic product in the U.S. rose more-than-expected to a seasonally adjusted annual rate of 2.5% in the last quarter from 1.3% in the preceding quarter.
Analysts had expected U.S. gross domestic product to rise 2.4% in the last quarter.
Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.89% to hit 1.3254 and AUD/JPY rising 2.87% to hit 81.49.