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ForexMedium•10 March 2026•

1 min read

Australian Dollar Forecast: AUD/USD Eyes 0.7100 Resistance Amid Hawkish RBA Signals

Donald Trump against maps of the US and Iran, with oil barrels, pipelines, derricks, and upward financial charts amidst flames.

Key Facts

1The Australian Dollar is recovering toward 0.7100, driven by monetary policy divergence between the RBA and the Fed.

The Australian Dollar is showing strong recovery momentum against the US Dollar, with analysts targeting the 0.7100 resistance level. This bullish trend is primarily driven by a growing monetary policy divergence between the Reserve Bank of Australia (RBA) and the US Federal Reserve. RBA Governor Bullock recently signaled that the upcoming meeting on March 17, 2026, is considered "live" for policy decisions. Such commentary suggests a potential hawkish shift or rate hike, attracting buyers to the AUD despite global geopolitical risks. Currently, the strength of the Australian currency is outweighing the traditional demand for safe-haven assets often seen during times of conflict. Market participants remain focused on the 0.7100 threshold as a critical breakout point for the AUD/USD pair.