Forex - AUD/USD up in U.S. trade

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Forexpros – The Australian Dollar was higher against the U.S. Dollar on Wednesday after the release of U.S. data on Existing Home Sales.


AUD/USD was trading at 1.0742, up 0.07% at time of writing.


The pair was likely to find support at 1.0561, Monday’s low, and resistance at 1.0760, today’s high.


Earlier in the day, industry data showed that existing home sales fell unexpectedly to a seasonally adjusted annual rate of 4.77M last month from 4.81M in the preceding month.


Analysts had expected existing home sales to rise to 4.92M last month.


Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.35% to hit 1.3236 and AUD/JPY falling 0.42% to hit 84.63.





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