The Australian dollar finds support as the RBA minutes suggest more rate hikes to come. An oversold RSI on the daily chart shows exhaustion in the sell-off. A tentative break above 0.6340 has prompted some sellers to cover their positions, easing pressure on the aussie. Though the bears may be eager to fade rebounds. Short-term sentiment would remain downbeat unless the bulls manage to lift 0.6430 on the 20-day moving average. A fall below 0.6200 would extend the downtrend towards the psychological level of 0.6000.
