AUD/USD registers a fresh yearly low (0.6358) as the Reserve Bank of Australia (RBA) keeps the official cash rate (OCR) at 4.10% in September, and another move below 30 in the Relative Strength Index (RSI) is likely to be accompanied by a further decline in the exchange rate like the price action from last month. AUD/USD Forecast: RSI Susceptible to Another Oversold Reading AUD/USD may struggle to retain the advance from the November 2022 low (0.6272) as the RBA insists that ‘the recent data are consistent with inflation returning to the 2–3 per cent target range over the forecast horizon,’ and it seems as though the ... (full story)