The Australian dollar strengthened against the U.S. dollar in the Asian session on Wednesday.

Against the greenback, the aussie rose to a 5-day high of 0.7350 from yesterday’s closing value of 0.7335.

If the aussie extends its uptrend, it is likely to find resistance around the 0.74 area.

The material has been provided by InstaForex Company – www.instaforex.com