Investing.com - The Australian Dollar was higher against the U.S. Dollar on Tuesday after the release of U.S. data on GDP.
AUD/USD was trading at 0.9851, up 0.10% at time of writing.
The pair was likely to find support at 0.9809, Monday’s low, and resistance at 1.0118, Thursday’s high.
Earlier in the day, preliminary official data showed that Gross domestic product in the U.S. rose less-than-expected to a seasonally adjusted annual rate of 2.0% in the last quarter from 2.5% in the preceding quarter.
Analysts had expected U.S. gross domestic product to rise 2.5% in the last quarter.
Meanwhile, the Australian Dollar was down against the Euro and up against the Japanese Yen, with EUR/AUD gaining 0.14% to hit 1.3726 and AUD/JPY rising 0.25% to hit 75.83.
AUD/USD was trading at 0.9851, up 0.10% at time of writing.
The pair was likely to find support at 0.9809, Monday’s low, and resistance at 1.0118, Thursday’s high.
Earlier in the day, preliminary official data showed that Gross domestic product in the U.S. rose less-than-expected to a seasonally adjusted annual rate of 2.0% in the last quarter from 2.5% in the preceding quarter.
Analysts had expected U.S. gross domestic product to rise 2.5% in the last quarter.
Meanwhile, the Australian Dollar was down against the Euro and up against the Japanese Yen, with EUR/AUD gaining 0.14% to hit 1.3726 and AUD/JPY rising 0.25% to hit 75.83.