AUD/USD rebounds from a fresh monthly low (0.6131) to pull the Relative Strength Index (RSI) back from oversold territory, but the rebound in the exchange rate may turn out to be temporary as it continues to carve a series of lower highs and lows. Australian Dollar Forecast: AUD/USD Halts Four-Day Selloff AUD/USD halts a four-day selloff after failing to defend the 2022 low (0.6170), and the RSI may show the bearish momentum abating as it attempts to climb back above 30. However, the US Dollar may continue to outperform against its Australian counterpart as the 256K rise in US Non-Farm Payrolls (NFP) boost the … (full story)
