AUD/USD extends the rebound from earlier this week amid the wave of new measures announced by the Federal Reserve, and the exchange rate looks poised for a larger recovery as the Relative Strength Index (RSI) displays a textbook buy signal. AUD/USD Rate Rebound in Focus as RSI Displays Buy Signal AUD/USD extends the rebound from the yearly low (0.5506) as the Federal Open Market Committee (FOMC) launches three new credit facilities along with plans to purchase commercial mortgage-backed securities (CMBS), and the extraordinary efforts may generate a near-term correction in the exchange rate as Chairman Jerome Powell ... (full story)