Wednesday, November 11, 2026

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FxWirePro: AUD/USD stays stronger heading into RBA meet, could rally on a neutral statement

Australian dollar keenly awaits the Reserve Bank of Australia (RBA) meeting due ahead AUD/USD creeping higher as market doubts RBA will cut today, day's range 0.7173/ 0.7140 The pair is at the time of writing testing 10-…

By Jay L. Zagorsky
1 min read
FxWirePro: AUD/USD stays stronger heading into RBA meet, could rally on a neutral statement
Image from the original EconoTimes article

  • Australian dollar keenly awaits the Reserve Bank of Australia (RBA) meeting due ahead

  • AUD/USD creeping higher as market doubts RBA will cut today, day's range 0.7173/ 0.7140

  • The pair is at the time of writing testing 10-day MA resistance at 0.7170, with next immediate hurdle at 0.7187  (38.2% fibo of 0.7382/0.7067 move)

  • Support on the downside are located at 0.7109 (cloud top) and further below at 0.7072 (trendline support)

  • A no-change decision and a neutral statement could see AUD/USD spike above 0.7200 on short-covering
Resistance Levels:

R1: 0.7170 (10-day MA)

R2: 0.7162 (4h 200 MA)

R3: 0.7187  (38.2% fibo of 0.7382/0.7067 move)

Support Levels:

S1: 0.7109 (cloud top) 

S2: 0.7072 (Trend line support)

S3: 0.7067 (Tripple bottom Oct 6th, 29th, 30th)

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By FxWirePro Team