Investing.com - The Australian dollar edged down against its U.S. counterpart on Wednesday, but remained close to seven-week highs after positive Australian consumer sentiment data and as concerns over a conflict in Syria eased.
AUD/USD hit 0.9280 during late Asian trade, the session low; the pair subsequently consolidated at 0.9291, slipping 0.23%.
The pair was likely to find support at 0.9168, the low of September 9 and resistance at 0.9480, the high of June 10.
In a report, the Westpac Banking Corporation said consumer sentiment in Australia rose 4.7% in September, after a 3.5% increase the previous month.
On Tuesday, President Barack Obama agreed to explore a plan proposed by Russia for Syria to place its chemical weapons under international control in order to avoid a U.S. military strike.
The Aussie was lower against the euro with EUR/AUD edging up 0.13%, to hit 1.4262.
AUD/USD hit 0.9280 during late Asian trade, the session low; the pair subsequently consolidated at 0.9291, slipping 0.23%.
The pair was likely to find support at 0.9168, the low of September 9 and resistance at 0.9480, the high of June 10.
In a report, the Westpac Banking Corporation said consumer sentiment in Australia rose 4.7% in September, after a 3.5% increase the previous month.
On Tuesday, President Barack Obama agreed to explore a plan proposed by Russia for Syria to place its chemical weapons under international control in order to avoid a U.S. military strike.
The Aussie was lower against the euro with EUR/AUD edging up 0.13%, to hit 1.4262.