Investing.com - The Australian dollar was lower against its U.S. counterpart on Wednesday, after disappointing consumer sentiment data from Australia and as the greenback recovered from the previous session's donwbeat U.S. economic reports.
AUD/USD hit 0.7580 during late Asian trade, the session low; the pair subsequently consolidated at 0.7604, declining 0.30%.
The pair was likely to find support at 0.7549, the low of April 13 and resistance at 0.7728, the high of April 8.
In a report, the Westpac Banking Corporation said Australian consumer sentiment fell 3.2% this month, after a 1.2% decline in March.
Elsewhere, data showed that China's gross domestic product rose 1.3% in the first quarter, below expectations for 1.4% and down from a 1.5% growth rate in the three months to December.
A separate report showed that industrial production in China increased by an annualized rate of 5.6% in March, disappointing expectations for a 6.9% gain, after a 6.8% rise the previous month.
China is Australia's biggest export partner.
Meanwhile, the greenback regained some ground after the U.S. Commerce Department reported on Tuesday that retail sales rose 0.9% last month, disappointing expectations for a gain of 1.0%.
The Aussie was lower against the euro, with EUR/AUD adding 0.25% to 1.4007.
Later in the day, the U.S. was to release reports on industrial production and manufacturing activity in New York state.