Investing.com - The Australian Dollar was higher against the U.S. Dollar on Monday after the release of U.S. data on New Home Sales.
AUD/USD was trading at 0.9897, up 1.90% at time of writing.
The pair was likely to find support at 0.9664, Wednesday’s low, and resistance at 0.9976, today’s high.
Earlier in the day, official data showed that new home sales in the U.S. rose unexpectedly to a seasonally adjusted annual rate of 307K last month from 303K in the preceding month whose figure was revised down from 313K.
Analysts had expected new home sales to fall to 312K last month.
Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 1.20% to hit 1.3469 and AUD/JPY rising 2.26% to hit 77.20.
AUD/USD was trading at 0.9897, up 1.90% at time of writing.
The pair was likely to find support at 0.9664, Wednesday’s low, and resistance at 0.9976, today’s high.
Earlier in the day, official data showed that new home sales in the U.S. rose unexpectedly to a seasonally adjusted annual rate of 307K last month from 303K in the preceding month whose figure was revised down from 313K.
Analysts had expected new home sales to fall to 312K last month.
Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 1.20% to hit 1.3469 and AUD/JPY rising 2.26% to hit 77.20.