# Australian Dollar: RBA hike hopes lift AUD against US Dollar - Societe Generale

> 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.

- Date: 2026-11-02 · published 2026-11-02T12:09:26.655Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/75378-australian-dollar-rba-hike-hopes-lift-aud-against-us-dollar-societe-generale
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

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.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- fxstreet.com: https://www.fxstreet.com/news/australian-dollar-rba-hike-hopes-lift-aud-against-us-dollar-societe-generale-202611020954
- tmgm.com: https://www.tmgm.com/en-eu/analysis/market-news/article/australian-dollar-rba-hike-hopes-lift-aud-against-us-dollar-societe-generale-202611020954
- tmgm.com: https://www.tmgm.com/en-eu/analysis/market-news/article/australian-dollar-rba-limits-gains-against-us-dollar-societe-generale-202611030850

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