Investing.com - The Australian dollar was higher against its U.S. counterpart on Tuesday, boosted by upbeat business confidence data from Australia and as news of a third bailout deal for Greece continued to support market sentiment.
AUD/USD hit 0.7432 during late Asian trade, the session high; the pair subsequently consolidated at 0.7430, gaining 0.32%.
The pair was likely to find support at 0.7368, the low of July 8 and a six-year low and resistance at 0.7468, Monday's high.
The National Australia Bank reported on Tuesday that its business confidence index rose to 10 last month from a reading of 7 in May.
Meanwhile, sentiment remained supported after euro zone leaders reached a unanimous agreement on a third bailout deal for Greece on Monday, following marathon weekend-long talks.
The Greek parliament must now pass new legislation by Wednesday to raise sales taxes, cut pension payments and enforce automatic spending cuts if the next budget misses its targets before negotiations on a third bailout program can begin.
Parliaments in several euro zone countries will also have to approve any new bailout.
The Aussie was higher against the euro, with EUR/AUD declining 0.48% to .14776.