Investing.com - The Australian dollar edged lower against its U.S. counterpart on Wednesday, as Tuesday''s upbeat U.S. economic reports still lent support to the greenback.
AUD/USD hit 0.9354 during late Asian trade, the pair''s lowest since June 18; the pair subsequently consolidated at 0.9358, slipping 0.11%.
The pair was likely to find support at 0.9323, the low of June 18 and resistance at 0.9431, Tuesday''s high.
The greenback found support after data showed that consumer confidence and new homes sales both rose to six year highs.
The CB consumer confidence index jumped to 85.2 in June from 83.0 last month. It was the highest reading since January 2008.
Another report showed that the number of new home sales also rose to a six-year high, surging 18.6% in May to an annual rate of 504,000. It was the highest level since May 2008 and the largest monthly increase since January 1992.
The Aussie was lower against the euro, with EUR/AUD edging up 0.19% to 1.4551.
Later in the day, the U.S. was to publish data on durable goods orders, as well as revised data on first quarter growth.
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