Investing.com - The Australian Dollar was lower against the U.S. Dollar on Wednesday after the release of Australian data on Trade Balance.
AUD/USD was trading at 1.0282, down 0.47% at time of writing.
The pair was likely to find support at 1.0277, today’s low, and resistance at 1.0466, Tuesday’s high.
Earlier in the day, official data showed that Australia’s trade balance fell unexpectedly to a seasonally adjusted -0.48B last month from -0.67B in the preceding month.
Analysts had expected Australia’s trade balance to rise 1.00B last month.
Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.39% to hit 1.2860 and AUD/JPY falling 0.56% to hit 85.08.
AUD/USD was trading at 1.0282, down 0.47% at time of writing.
The pair was likely to find support at 1.0277, today’s low, and resistance at 1.0466, Tuesday’s high.
Earlier in the day, official data showed that Australia’s trade balance fell unexpectedly to a seasonally adjusted -0.48B last month from -0.67B in the preceding month.
Analysts had expected Australia’s trade balance to rise 1.00B last month.
Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.39% to hit 1.2860 and AUD/JPY falling 0.56% to hit 85.08.