# AUD/USD Forecast: Holds above 0.7000 as traders eye RBA decision

> AUD/USD traded near 0.7020 after weak official Chinese PMIs released over the weekend. Traders are cautious ahead of an expected 25 basis point RBA hike on Tuesday, and geopolitical uncertainty is supporting the US dollar.

- Date: 2026-11-02 · published 2026-11-02T06:10:01.592Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/74946-aud-usd-forecast-holds-above-0-7000-as-traders-eye-rba-decision
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Weaker Chinese demand signals and a firmer US dollar both pressure Australian export prices, which can weigh on commodity demand sentiment.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- fxstreet.com: https://www.fxstreet.com/news/aud-usd-price-forecast-holds-above-07000-100-day-ema-holds-the-key-ahead-of-rba-202611020310
- fxstreet.com: https://www.fxstreet.com/news/aud-usd-price-forecast-holds-below-07000-near-two-week-low-ahead-of-rba-decision-202611030242

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.