Investing.com - The Australian dollar was higher against its U.S. counterpart on Tuesday, as sentiment on the greenback remained vulnerable amid growing uncertainty over the timing of a U.S. rate hike.
AUD/USD hit 0.7278 during late Asian trade, the session high; the pair subsequently consolidated at 0.7275, gaining 0.37%.
The pair was likely to find support at 0.7195, the low of October 14 and resistance at 0.7365, the high of October 15.
The greenback remained under pressure after a batch of U.S. data last week painted a mixed picture of the country's economy and fuelled further uncertainty over when the Federal Reserve plans to raise interest rates.
Meanwhile, in the minutes of its October policy meeting, the Reserve Bank of Australia said the Aussie's depreciation and low interest rates have helped the local economy rebalance.
The comments staved off any expectations for a rate hike by the RBA in the near future.
The Aussie was higher against the euro, with EUR/AUD sliding 0.35% to 1.5571.