Investing.com - The Australian dollar rose against its U.S. counterpart in subdued trade on Tuesday, as global financial centers returned from the long Easter weekend.
AUD/USD hit 0.9367 during late Asian trade, the pair''s highest since April 17; the pair subsequently consolidated at 0.9365 gaining 0.40%.
The pair was likely to find support at 0.9266, the low of April 8 and resistance at 0.9418, the high of April 15.
In Australia, the Conference Board said that its leading index rose 0.3% in February, after a 0.2% gain the previous month.
Meanwhile, the greenback remained supported after upbeat U.S. data on manufacturing and employment last week pointed to underlying strength in the economy.
The Labor Department reported the number of people filing for unemployment benefits edged up to 304,000, below analysts’ forecasts and not far from the six-and-a-half year low of 300,000 touched the previous week.
The Aussie was higher against the euro, with EUR/AUD retreating 0.38% to 1.4731.
Later in the day, the U.S. was to release private sector data on existing home sales.