# Weaker dollar pushes AUD/USD back above 0.7000, but technical resistance still caps the rally

> AUD/USD recovered above 0.7000 to trade near 0.7010 after the US dollar weakened following the US midterm elections. The pair faces resistance near 0.7020 at the 200-hour moving average and further resistance from the 100-day and 200-day averages between 0.7030 and 0.7056.

- Date: 2026-11-04 · published 2026-11-04T15:09:38.953Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/79931-weaker-dollar-pushes-aud-usd-back-above-0-7000-but-technical-resistance-still
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A dollar-driven rebound leaves the Australian dollar's trend unconfirmed, so the currency's direction hinges on whether US-Iran tensions lift oil and risk aversion or ease them. Currency moves of this kind affect the cost of Australian-origin feed inputs for buyers priced in USD.

## Read by commodity

- DXY: bearish ▼
- AUDUSD: neutral

## Sources

- bifu.co: https://www.bifu.co/zh-CN/news/detail/dollar-weakness-lifts-aud-usd-back-over-0-7000-but-technical-barriers-still-block-gains

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