# Dollar weakness lifts AUD/USD back over 0.7000, but technical barriers still block gains

> AUD/USD recovered above 0.7000 to near 0.7010 as the dollar weakened after the US midterm elections, but resistance near 0.7020 and moving averages between 0.7030 and 0.7056 limit upside. The RBA's 6-3 vote to lift the cash rate to 4.85% has reduced expectations for further hikes.

- Date: 2026-11-04 · published 2026-11-05T03:10:12.350Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/81034-dollar-weakness-lifts-aud-usd-back-over-0-7000-but-technical-barriers-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

Currency moves here shape the cost of Australian-origin and US-priced feed ingredients for buyers. Technical resistance and reduced RBA hike odds suggest limited follow-through in the Aussie.

## Read by commodity

- DXY: bearish ▼
- AUDUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-08-26 | [Canadian Dollar gains ground on Greenback weakness](https://feedsoft.ai/events/23557-canadian-dollar-gains-ground-on-greenback-weakness.md) | +0.2% | -0.7% |
| DXY | 2020-03-23 | [EUR/USD: FED Unlimited QE Sees Euro Gains But Nordea Unwilling To Call For Weaker Dollar Outlook](https://feedsoft.ai/events/11349-eur-usd-fed-unlimited-qe-sees-euro-gains-but-nordea-unwilling-to-call-for.md) | -2.0% | -1.7% |
| DXY | 2025-04-30 | [Aussie dollar gains on weak US GDP - OFX](https://feedsoft.ai/events/25405-aussie-dollar-gains-on-weak-us-gdp-ofx.md) | -0.5% | -0.5% |
| DXY | 2026-01-28 | [Aussie dollar breaks barrier as greenback loses shine](https://feedsoft.ai/events/21314-aussie-dollar-breaks-barrier-as-greenback-loses-shine.md) | +0.4% | +0.3% |
| DXY | 2020-02-28 | [Baht gains more ground, as US dollar weakens](https://feedsoft.ai/events/54839-baht-gains-more-ground-as-us-dollar-weakens.md) | -0.5% | +4.3% |

## Sources

- bifu.co: https://bifu.co/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.