AUD/USD has failed to defend the July low (0.6681) as it trades to a fresh yearly low (0.6670) in September, and the Federal Reserve interest rate decision may keep the exchange rate under pressure as the central bank is expected to retain its current approach in combating inflation. AUD/USD appears to be bouncing back ahead of the June 2020 low (0.6648) as it carves a series of higher highs and lows, but the exchange rate may track the negative slope in the 50-Day SMA (0.6884) as the Reserve Bank of Australia (RBA) Minutes suggest the central bank is nearing the end of its hiking-cycle. It seems as though the RBA is ... (full story)