The Australian dollar edged lower against its U.S. counterpart on Tuesday, after disappointing economic data from Australia and as concerns over a global economic slowdown persisted.
AUD/USD hit 1.0309 during European morning trade, the daily low; the pair subsequently consolidated at 1.0294, slipping 0.27%.
The pair was likely to find support at 1.0277, the low of September 7 and resistance at 1.0354, the high of August 31.
The Conference Board said earlier that its leading index for Australia fell 0.8% in August, after a flat reading the previous month.
Sentiment had strengthened on Monday, after Spanish regional election results indicated support for the austerity policies of Prime Minister Mariano Rajoy.
The center-right Popular Party of Prime Minister Rajoy increased its majority in his home region of Galicia on Sunday, removing a possible obstacle to formally requesting a bailout from Spains euro zone partners.
A bailout request by Spain would activate the European Central Banks bond purchasing scheme, aimed at lowering high peripheral bond yields in the euro zone.