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Forex - AUD/USD climbs on positive Australian consumer sentiment report

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Investing.com -

Investing.com - The Australian dollar was higher against its U.S. counterpart on Wednesday, supported by positive consumer sentiment data from Australia.

AUD/USD hit 0.8234 during late Asian trade, the pair's highest since January 19; the pair subsequently consolidated at 0.8215, climbing 0.57%.

The pair was likely to find support at 0.8066, the low of January 14 and resistance at 0.8300, the high of January 15.

In a report, the Westpac Banking Corporation said that consumer sentiment rose to 2.4% this month, after a 5.7% decline in December.

The Aussie was fractionally higher against the New Zealand dollar, with AUD/NZD easing up 0.09% to 1.0712.

Also Wednesday, Statistics New Zealand reported that consumer price inflation fell 0.2% in the fourth quarter, compared to expectations for a flat reading, after a 0.3% rise in the three months to September.

Later in the day, the U.S. was to release data on building permits and housing starts.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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