Investing.com - The Australian dollar rose against its U.S. counterpart on Tuesday, after upbeat business confidence data, although concerns over the Greek debt crisis continued to weigh on market sentiment.
AUD/USD hit 0.7842 during late Asian trade, the pair's highest since February 6; the pair subsequently consolidated at 0.7818, adding 0.17%.
The pair was likely to find support at 0.7731, the low of February 5 and resistance at 0.7879, the high of February 6.
In a report, the National Australia Bank said its business confidence index rose to 3 in January from a reading of 2 the previous month.
Separately, the Australian Bureau of Statistics said the house price index rose by 1.9% in the fourth quarter of 2014, exceeding expectations for a 1.8% gain. The third quarter's figure was revised to a 1.4% rise from a previously estimated 1.5% increase.
But investors remained cautious amid concerns over Greece’s future in the euro zone as negotiations with the European Union over the country's debt and bailout continued.
Greek Prime Minister Alexis Tsipras has said he will deliver on pre-election pledges to roll back austerity measures and reject an international bailout extension. Instead, he is seeking a new agreement to cover Greece’s funding needs until June.
The Aussie was also higher against the euro, with EUR/AUD slipping 0.15% to 1.4493.