The AUD/USD pair rose during the session on Thursday, breaking above the 0.93 handle. It appears that we are getting ready to go higher, and validate the consolidation area that we have been in for some time. With today being nonfarm payroll Friday, there is a good chance that we will have a lot of volatility in this particular market. This will be especially interesting as the Australian dollar tends to mimic what’s going on in the gold markets. That is a market that also looks like it’s ready to go higher, but there is a significant resistance barrier above. Expect a lot of volatility, and we have to think at this point in time that the Australian dollar has more of an upward bias in it.
