Forex: AUD/USD consolidates gains and trades at 93.06

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 support at 0.8915 and resistance 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.

• AUD/USD

AUD/USD (Nov 11 at 08:55 GMT)

0.9331/33 (0.30%)

H 0.9343 L 0.928

S3	S2	S1	R1	R2	R3
0.9264	0.9287	0.9310	0.9330	0.9353	0.9376

[?]Trend Index	[?]OB/OS Index
Slightly Bullish	Neutral
Data updated on Nov 11 at 08:25 (15-minute timeframe)