Investing.com - The Australian dollar was almost unchanged against its U.S. counterpart on Wednesday, as a positive report on Chinese economic growth lent support to the risk-related currency.
AUD/USD hit 0.9380 during late Asian trade, the session high; the pair subsequently consolidated at 0.9362, inching up 0.01%.
The pair was likely to find support at 0.9266, the low of April 8 and resistance at 0.9426, the high of April 14.
Data earlier showed that China’s gross domestic product expanded at an annual rate of 7.4% in the first three months of 2014, slowing from 7.7% in the fourth quarter, but slightly ahead of expectations for growth of 7.3%.
China is Australia's biggest export partner.
The Aussie was higher against the New Zealand dollar, with AUD/NZD climbing 0.57% to 1.0893.
Also Wednesday, official data showed that New Zealand consumer price inflation rose 0.3% in the first quarter, less than the expected 0.5% increase, after a 0.1% gain in the three months to December.
Later in the day, the U.S. was to produce reports on housing starts, building permits and industrial production.