AUD/USD appears to be outperforming its major counterparts going into the end of October as it attempts to retrace the pullback from the monthly high (0.7547), and the update to Australia’s Consumer Price Index (CPI) may do little to derail the rebound in the exchange rate as the report is anticipated to reinforce expectations for a transitory rise in inflation. AUD/USD cleared the September high (0.7478) as the Relative Strength Index (RSI) pushed into overbought territory for the first time since February, and the exchange rate may attempt to trade above the 200-Day SMA (0.7560) for the first time since July as the ... (full story)