Investing.com - The Australian dollar edged higher against its U.S. counterpart in light trade on Tuesday, as Monday's disappointing U.S. housing sector data continued to weigh on demand for the greenback.
AUD/USD hit 0.9285 during late Asian trade, the pair's highest since July 17; the pair subsequently consolidated at 0.9259, adding 0.11%.
The pair was likely to find support at 0.9139, the low of July 18 and resistance at 0.9345, the high of June 26.
The greenback remained under pressure after data showing that U.S. existing home sales fell unexpectedly in June dampened expectations that the Federal Reserve will start scaling back its asset purchase program this year.
The National Association of Realtors said that existing home sales fell 1.2% to an annual rate of 5.08 million units in June, but still remained close to three-and-a-half year highs.
The Aussie was higher against the euro with EUR/AUD slipping 0.14%, to hit 1.4239.
AUD/USD hit 0.9285 during late Asian trade, the pair's highest since July 17; the pair subsequently consolidated at 0.9259, adding 0.11%.
The pair was likely to find support at 0.9139, the low of July 18 and resistance at 0.9345, the high of June 26.
The greenback remained under pressure after data showing that U.S. existing home sales fell unexpectedly in June dampened expectations that the Federal Reserve will start scaling back its asset purchase program this year.
The National Association of Realtors said that existing home sales fell 1.2% to an annual rate of 5.08 million units in June, but still remained close to three-and-a-half year highs.
The Aussie was higher against the euro with EUR/AUD slipping 0.14%, to hit 1.4239.