Forex Pros &ndash; The Australian dollar dipped lower against its U.S. counterpart on Thursday, after hitting a 29-year peak boosted by a better-than-expected domestic retail sales report for February.<br /><br />AUD/USD retreated from 1.0347, the pair&rsquo;s all-time high, to hit 1.0328 during late Asian trade, dipping 0.03%.<br /><br />The pair was likely to find support at 1.0232, Monday&rsquo;s low and resistance at 1.0347, the day&rsquo;s high.<br /><br />Earlier in the day, the Australian Bureau of Statistics said retail sales rose 0.5% to a seasonally adjusted AUD20.53 billion in February, outstripping expectations for a 0.4% increase. Household goods retailing rose 2%, while sales of clothing and footwear rose 0.9% last month.<br /><br />A separate report showed that building approvals in February fell sharply, with the total number of houses and apartments approved for construction down a seasonally adjusted 7.4%. Analysts had expected a rise of 3.0%.<br /><br />Also Thursday, the Reserve Bank of Australia said credit growth grew 0.5% in February from the previous month, adding to views that the pace of lending in the economy is now much stronger than it had been in 2010.<br /><br />The Aussie was also slightly lower against the yen, with AUD/JPY easing down 0.05% to hit 85.55.<br /><br />Later in the day, the U.S. was to publish a government report on initial jobless claims.<br /><br />

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