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The Australian dollar rebounded from a multi-month trend line near 0.6900 and held above 0.7000 before the RBA decision. Analysts identified resistance at 0.7050 to 0.7080 and support at 0.7000, with a break below that level possibly opening a move toward 0.6900.
Expectations of an RBA hike lift the Aussie, which makes Australian exports more expensive in dollar terms and can shift global trade flows. The effect on feed commodity prices is modest.
fxstreet.comFXStreet Insights TeamNov 2, 2026
tmgm.comFXStreet Insights TeamNov 2, 2026tmgm.comFXStreet Insights TeamNov 3, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
