The Australian dollar is slightly stronger when valued against the Greenback on the back of improved investor risk appetite. The Aussie dollar reached an overnight high of 0.7076.
On the release front today, we will see January Home Loans, seen up 1.0% following a 6.1% decline in December, alongside Investment Lending for Homes. The NAB will release February Business Confidence and Business Conditions indexes, both seen declining from January's readings.
From a technical perspective, the AUD/USD pair is currently trading at 0.7068. We continue to expect support to hold on moves approaching 0.7020 while now any upward push will likely meet resistance around 0.7090.