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.
The Reserve Bank of New Zealand (RBNZ) interest rate decision may fuel larger recovery in NZD/USD as the central bank is expected to deliver a rate hike.
NZD/USD Rate Selloff Pushes RSI Towards Oversold Territory dailyfx.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyfx.com Daily Mail and Mail on Sunday newspapers.