AUD/USD opened 0.6338 after closing +0.19% Friday at 0.6333

AUD was best performing currency last week and continued to gain on Monday

Strong Aus Sept retail sales gave more ammunition for 25 bp RBA hike Nov 7 nL1N3C001B

Market now pricing in a 60% chance RBA will hike next week

AUD/USD tracked higher to 0.6357 and is around 0.6355 into the afternoon

Resistance is at Friday's 0.6367 high and 55-day MA at 0.6396

A break above 0.6400 would suggest bottom in place for an extended gain

Support has formed at a double-bottom at 0.6270/75 where buying is tipped

AUD gains in the face of rising risk aversion a frustration for bears

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