Investing.com - The Australian dollar slipped lower against its U.S. counterpart on Wednesday, as demand for the greenback remained broadly supported following upbeat U.S. data and amid ongoing Greek debt concerns.
AUD/USD hit 0.7712 during late Asian trade, the session low; the pair subsequently consolidated at 0.7727, edging down 0.10%.
The pair was likely to find support at 0.7677, Tuesday's low and resistance at 0.7799, the high of June 22.
The greenback was boosted after the U.S. Commerce Department reported on Tuesday that new home sales jumped by 2.2% to 546,000 units last month, hitting the highest level since February 2008.
A separate report showed that total U.S. durable goods orders, which include transportation items, declined by 1.8% last month, while core durable goods orders inched up by 0.5% in May, missing forecasts for an increase of 0.6%.
The safe-haven U.S. dollar also remained broadly supported since euro zone finance ministers failed to reach agreement over Greece’s bailout at an emergency meeting on Monday.
Fresh talks were scheduled on Thursday, leaving just 48 hours for a detailed agreement to be finalized.
The new reform proposals from the Greek government prompted sharp criticism at home on Tuesday, with government and opposition MPs criticizing the plan.
The Aussie was also lower against the euro, with EUR/AUD gaining 0.43% to 1.4490.