# AUD/USD rebounds above 0.7000 as US dollar slides but key technical hurdles remain

> AUD/USD traded near 0.7010 after the US midterms weakened the dollar, recovering from an attempted break below 0.7000 after the RBA decision. Analyst Justin Low flags resistance near 0.7020 and longer-term moving averages between 0.7030 and 0.7056.

- Date: 2026-11-04 · published 2026-11-05T00:10:03.758Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/80699-aud-usd-rebounds-above-0-7000-as-us-dollar-slides-but-key-technical-hurdles
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

This is routine currency commentary on technical levels with no new fundamental cause for feed commodities. The RBA's softer guidance is the only underlying driver and has limited direct effect on grain or meal prices.

## Read by commodity

- DXY: bearish ▼
- AUDUSD: bullish ▲

## Sources

- investinglive.com: https://investinglive.com/forex/aud-usd-rebounds-above-0-7000-as-us-dollar-slides-but-key-technical-hurdles-remain/

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