Investing.com - The Australian dollar edged higher against its U.S. counterpart on Tuesday, despite the release of downbeat Australian business confidence data, although downbeat Chinese data over the weekend continued to weigh.
AUD/USD hit 0.9064 during late Asian trade, the session high; the pair subsequently consolidated at 0.9037, adding 0.18%.
The pair was likely to find support at 0.8941, the low of March 5 and resistance at 0.9134, the high of March 7.
The National Australia Bank earlier said that its business confidence index ticked down to 7 in February, from a reading of 8 the previous month.
But the Aussie's gains were expected to remain limited as investors were still jittery after data released over the weekend showed that Chinese exports fell 18.1% on a year-over-year basis in February, confounding expectations for a 6.8% increase, following a rise of 10.6% in January.
China is Australia's biggest export partner.
The Aussie was higher against the euro, with EUR/AUD shedding 0.34% to 1.5330.