Investing.com - The Australian dollar edged lower against its U.S. counterpart on Monday, despite the release of upbeat new motor vehicle sales data from Australia as demand for the greenback remained broadly supported.
AUD/USD hit 0.8196 during late Asian trade, the session low; the pair subsequently consolidated at 0.8217, slipping 0.13%.
The pair was likely to find support at 0.8130, the low of January 15 and resistance at 0.8300, the high of January 15 and a one-month peak.
In a report, the Australian Bureau of Statistics said that new motor vehicle sales increased by 3.0% in December, after a 0.6% fall the previous month.
Meanwhile, the greenback remained supported after the Swiss National Bank abandoned its three-year old 1.20 per euro exchange rate cap in a shock movelast Thursday.
In addition, the University of Michigan said, in a preliminary report on Friday, that its consumer sentiment index rose to a 11-year high of 98.2 this month from 93.6 in December, compared to expectations for a rise to 94.1.
The Aussie was steady against the euro, with EUR/AUD adding 0.07% to 1.4068.