AUD/USD fills the gap from the start of the week even though Reserve Bank of Australia (RBA) Governor Philip Lowe jawbones the Australian Dollar, but recent developments in the Relative Strength Index (RSI) warn of a larger correction in the exchange rate as the indicator falls back from overbought territory and snaps the AUD/USDattempts to retrace the decline following Australia’s Employment report, which showed the economy shedding 227.7K jobs in May, and the exchange rate may face range bound conditions going through the last full week of June as it bounces back ahead of last week’s low (0.6777). It remains to be ... (full story)