{
  "id": 10344138,
  "title": "AUD/USD Price Forecast: Bears await break below 0.7000 ahead of RBA on Tuesday",
  "url": "https://urgent.news/2026/09/28/aud-usd-price-forecast-bears-await-break-below-0-7000-ahead-of-rba-on",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-28T02:34:53.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/aud-usd-price-forecast-bears-await-break-below-07000-ahead-of-rba-on-tuesday-202609280234"
  },
  "original_language": "en",
  "account": "The Australian Dollar (AUD) against the US Dollar (USD) is holding just above the 0.7000 level at the start of a new week, trading near its lowest point since August 4. Traders are waiting for the Reserve Bank of Australia (RBA) meeting on Tuesday, during which a 25-basis-point (bps) hike is anticipated. The US-China trade truce extension and a bullish US Dollar, driven by expectations of a Fed rate hike in October, provide support for the AUD. However, a stronger US Dollar and concerns over oil-driven inflation and elevated US bond yields are limiting AUD/USD gains amid geopolitical tensions between the US and Iran. From a technical standpoint, the AUD/USD pair is trading below the crucial 200-day Simple Moving Average (SMA) and is supported by the 61.8% Fibonacci retracement level at 0.7007. Momentum indicators suggest downside pressure may continue, with the Relative Strength Index (RSI) around 35 indicating oversold conditions. A decisive break below the 0.7000 level could expose a deeper support band around the 78.6% level at 0.6945, with the previous cycle low at 0.6866 serving as a more significant structural floor. A break above the 200-day SMA at 0.7026 and the 50.0% retracement at 0.7051 would open the path to the 38.2% level at 0.7094 and the 23.6% retracement at 0.7148, although the broader bearish structure would persist below the anchor high around 0.7235.",
  "summary": "The AUD/USD pair steadies just above the 0.7000 psychological mark at the start of a new week, trading near its lowest level since August 4, touched on Friday, as traders opt to wait for the crucial Reserve Bank of Australia (RBA) meeting on Tuesday.",
  "key_points": [
    "AUD/USD near lowest since August 4 at 0.7000",
    "RBA meeting Tuesday expected to hike rates 25 bps",
    "Break below 0.7000 could expose deeper support at 0.6945"
  ],
  "editors_take": "A break below 0.7000 would likely deepen the AUD/USD decline, while rising above the 200-day SMA would temper downside pressure but not reverse the broader bearish trend.",
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "Silver Price Forecast: XAG/USD falls to near $62.00 amid Fed rate hike odds",
        "url": "https://urgent.news/2026/09/28/silver-price-forecast-xag-usd-falls-to-near-62-00-amid-fed-rate-hike",
        "published": "2026-09-28T03:22:09.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}