Investing.com - The Australian dollar held steady against its U.S. counterpart on Wednesday, after upbeat Australian consumer sentiment and home loans data as concerns over the Greek debt crisis continued to weigh.
AUD/USD hit 0.7764 during late Asian trade, the session low; the pair subsequently consolidated at 0.7766.
The pair was likely to find support at 0.7731, the low of February 5 and resistance at 0.7843, Tuesday's high.
The Westpac Banking Corporation earlier reported that Australian consumer sentiment rose 8.0% this month, after an increase of 2.4% in January.
A separate report showed that home loans in Australia climbed 2.7% in December, beating expectations for a 2.0% rise. November's figure was revised to a 0.4% downtick from a previously estimated 0.7% fall.
Meanwhile, investors continued to focus on developments in Greece following reports the European Commission could propose a six-month extension to Greece’s existing bailout program at an emergency meeting of the euro group of finance ministers, due to take place later in the day.
Athens is expected to ask for a bridge loan to cover its funding needs until September, and to also propose new economic reforms to replace some of the harshest austerity conditions attached to its bailout.
The Aussie was steady against the euro, with EUR/AUD at 1.4577.