FXstreet.com (Sydney) - The Aussie consolidated gains against the dollar and is now trading at 0.9306. The pair continues to rise on the strength of the Aussie finding resistance at 0.8915 and support at 0.9335.
The Sydney Morning Herald reports that it was the anticipation of profit taking that saw the AUD rise another half cent after a quiet session on offshore equity markets. The Aussie jumped to 0.9305 from yesterday's close 0.9257. Proft taking is likely to see the AUD trade around 0.9200 pending unemployment figures to be released in Australia later this week. If there is much deviation from the expected 5.8% the currency may experience some volatility.