AUD/USD approaches the 50-Day SMA (0.7311) as it extends the rebound from the September low (0.7170), but the Reserve Bank of Australia (RBA) interest rate decision may drag on the exchange rate as the central bank is widely expected to retain the current policy. AUD/USD appears to have reversed course following the failed attempt to test the August low (0.7106), and the exchange rate may stage a larger recovery during the first full week of October as it carves a series of higher highs and lows. As a result, AUD/USD may stage another attempt to trade back above the 50-Day SMA (0.7310), but more of the same from the ... (full story)