The AUD/USD pair caught some aggressive bids on Monday
and rallied to near four-month tops, around mid-0.6700s.
A combination of supporting factors assisted the AUD/USD pair to build on its recent bullish momentum witnessed over the past two weeks or so and gain some strong positive traction on the first day of a new trading week. The momentum confirmed a fresh breakout through the very important 200-day SMA and was being supported by the upbeat market mood, the continuously offered tone surrounding the US dollar.