AUD/USD Rate Selloff Pushes RSI Back Into Oversold Territory - DailyFX
5/12/2022 12:00:00 AM2 years 11 months ago
by David Song
by David Song
The move below 30 in the Relative Strength Index (RSI) is likely to be accompanied by a further decline in AUD/USD like the price action seen earlier this month.
Australian Dollar Talking Points AUD/USD takes out the July 2020 low (0.6877) as the ongoing deterioration in risk appetite continues to drag on commodity bloc currencies, and the move below 30 in t… [+3713 chars]
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