AUD/USD trades to a fresh monthly high (0.6591) as it extends the series of higher highs and lows from earlier this week, and the exchange rate may attempt to test the August high (0.6724) as it climbs above the 200-Day SMA (0.6585) for the first time since July. AUD/USD Rate Climbs Above 200-Day SMA for First Time Since July AUD/USD appreciates for the second consecutive week after clearing the opening range for November, and the bullish price action may persist over the remainder of the month should the exchange rate no longer respond to the negative slope in the long-term moving average. However, data prints ... (full story)