Investing.com - The Australian dollar was higher against its U.S. counterpart on Monday, although Friday''s strong U.S. consumer sentiment data still supported the greenback and concerns over tensions in Ukraine persisted.
AUD/USD hit 0.9302 during late Asian trade, the pair''s highest since April 23; the pair subsequently consolidated at 0.9294, rising 0.28%.
The pair was likely to find support at 0.9206, the low of April 3 and resistance at 0.9377, the high of April 23.
Demand for the greenback remained supported after data on Friday showed that consumer confidence rose to a nine-month high in April, adding to signs that the economy is improving.
The University of Michigan reported that its consumer sentiment index came in at 84.1 this month, up from 80 in March and the preliminary reading of 82.6. Analysts had expected the index to rise to 83.0.
Meanwhile, investors remained cautious as hostilities between Russia and Ukraine continued and the West prepared to step up sanctions against Moscow.
The Aussie was higher against the euro, with EUR/AUD shedding 0.27% to 1.4876.
Later in the day, the U.S. was to release private sector data on pending home sales.