Investing.com - The Australian dollar was almost unchanged against its U.S. counterpart in quiet trade on Monday, as demand for the greenback continued to be broadly supported.
AUD/USD hit 0.8701 during late Asian trade, the session high; the pair subsequently consolidated at 0.8670, easing 0.03%.
The pair was likely to find support at 0.8603, the low of November 21 and resistance at 0.8751, the high of November 17.
The greenback continued to be underpinned after the minutes of the Federal Reserve's October meeting indicated last week that officials believe the economic recovery is strong enough to withstand external threats to growth, but offered little additional clarity about when rates could start to rise.
The Fed wound up its asset purchasing stimulus program last month and is expected to start raising rates around September 2015.
The Aussie was steady against the euro, with EUR/AUD inching up 0.06% to 1.4301.