Investing.com - The Australian Dollar was lower against the U.S. Dollar on Wednesday after the release of Australian data on Construction Work Done.
AUD/USD was trading at 1.0498, down 0.57% at time of writing.
The pair was likely to find support at 1.0479, Monday’s low, and resistance at 1.0711, Friday’s high.
Earlier in the day, official data showed that The value of Australian construction work done fell unexpectedly to a seasonally adjusted 0.7% in the last quarter from 0.8% in the preceding quarter.
Analysts had expected Australian construction work done to rise to 1.4% in the last quarter.
Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.16% to hit 1.3377 and AUD/JPY falling 0.44% to hit 86.15.
AUD/USD was trading at 1.0498, down 0.57% at time of writing.
The pair was likely to find support at 1.0479, Monday’s low, and resistance at 1.0711, Friday’s high.
Earlier in the day, official data showed that The value of Australian construction work done fell unexpectedly to a seasonally adjusted 0.7% in the last quarter from 0.8% in the preceding quarter.
Analysts had expected Australian construction work done to rise to 1.4% in the last quarter.
Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.16% to hit 1.3377 and AUD/JPY falling 0.44% to hit 86.15.