Investing.com - The Australian dollar slipped lower against its U.S. counterpart on Wednesday, as demand for the greenback remained supported ahead of the Federal Reserve's monthly policy statement due later in the day.
AUD/USD hit 0.9061 during late Asian trade, the session low; the pair subsequently consolidated at 0.9076, slipping 0.20%.
The pair was likely to find support at 0.8986, Tuesday's low and resistance at 0.9217, the high of September 11.
The greenback remained supported by expectations for an early hike in U.S. interest rates.
The Fed was expected to cut its asset purchase program by another $10 billion at its upcoming policy meeting on Wednesday, which would keep it on track for winding up the program in October, and to start raising interest rates sometime in mid-2015.
The Aussie was lower against the New Zealand dollar, with AUD/NZD edging down 0.11% to 1.1077.
Also Wednesday, official data showed that New Zealand's current account deficit narrowed to NZ$1.06 billion in the second quarter, from NZ$1.41 billion in the three months to April. Analysts had expected the current account deficit to narrow to NZ$0.95 billion in the last quarter.