The Australian dollar spiked up against the U.S. dollar in pre-European deals on Wednesday.

The aussie advanced to 0.7283 against the greenback, its strongest since October 23. The aussie-greenback pair may locate resistance around the 0.74 zone. The pair closed Tuesday’s trading at 0.7253.

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