Investing.com - The Australian dollar edged lower against its U.S. counterpart on Tuesday, as markets were jittery ahead of the release of U.S. data amid fresh concerns over the strength of the country's economic recovery.
AUD/USD hit 0.9015 during late Asian trade, the session low; the pair subsequently consolidated at 0.9015, slipping 0.22%.
The pair was likely to find support at 0.8928, the low of February 13 and resistance at 0.9152, the high of December 11.
Investors were awaiting U.S. reports on house price inflation and consumer confidence for further indications on the outlook for growth.
A recent series of disappointing U.S. economic indicators, including reports on jobs growth, retail sales and housing, have sparked concerns that the economic recovery has lost momentum since the end of last year.
The Aussie was also lower against the New Zealand dollar, with AUD/NZD falling 0.20% to 1.0825.
Also Tuesday, the Reserve Bank of New Zealand said inflation expectations remained unchanged at 2.3% in the last quarter.
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