Investing.com - The Australian Dollar was lower against the U.S. Dollar on Wednesday after the release of U.S. data on Existing Home Sales.
AUD/USD was trading at 1.0227, down 0.50% at time of writing.
The pair was likely to find support at 1.0149, Monday’s low, and resistance at 1.0398, Friday’s high.
Earlier in the day, industry data showed that existing home sales rose more-than-expected to a seasonally adjusted annual rate of 5.03M last month from 4.67M in the preceding month.
Analysts had expected existing home sales to rise to 4.75M last month.
Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 1.00% to hit 1.3465 and AUD/JPY falling 0.61% to hit 78.09.
AUD/USD was trading at 1.0227, down 0.50% at time of writing.
The pair was likely to find support at 1.0149, Monday’s low, and resistance at 1.0398, Friday’s high.
Earlier in the day, industry data showed that existing home sales rose more-than-expected to a seasonally adjusted annual rate of 5.03M last month from 4.67M in the preceding month.
Analysts had expected existing home sales to rise to 4.75M last month.
Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 1.00% to hit 1.3465 and AUD/JPY falling 0.61% to hit 78.09.