Investing.com - The Australian dollar rose against its U.S. counterpart on Thursday, after the release of mixed economic reports from Australia, although demand for the greenback remained supported by upbeat U.S. data published earlier in the week.
AUD/USD hit 0.9301 during late Asian trade, the pair's highest since May 20; the pair subsequently consolidated at 0.9287, climbing 0.57%.
The pair was likely to find support at 0.9203, the low of May 2 and resistance at 0.9367, the high of May 19.
Industry data earlier showed that new home sales in Australia rose 2.9% in April, after a 0.2% uptick the previous month.
A separate report showed that private capital expenditure in Australia dropped 4.2% in the first quarter, compared to expectations for a 1.4% decline. Private capital expenditure in the fourth quarter of 2013 was revised to a 4.5% drop from a previously estimated 5.2% fall.
Meanwhile, the greenback still remained supported after data on Tuesday showed that U.S. durable goods orders rose unexpectedly in April and another report showed that U.S. consumer confidence improved in line with forecasts this month.
The Aussie was also higher against the euro, with EUR/AUD retreating 0.53% to 1.4640.
Later in the day, the U.S. was to release revised data on first quarter GDP, as well as the weekly government report on initial jobless claims and data on pending home sales.