AUD/USD trades to a fresh weekly low (0.6605) as the Reserve Bank of Australia (RBA) unexpectedly kept the Official Cash rate (OCR) at 4.10%, and the exchange rate may struggle to hold its ground ahead of the US Non-Farm Payrolls (NFP) report if it fails to defend the July low (0.6599). AUD/USD Post-RBA Weakness Brings Test of July Low AUD/USD remains under pressure following the failed attempt to test the June high (0.6900), and the Australian Dollar may continue to underperform against its US counterpart as the RBA retains a wait-and-see approach in managing monetary policy. It seems as though the RBA is hesitant ... (full story)