The post Hits multi-year high past 0.7100 appeared on BitcoinEthereumNews.com.

The Australian Dollar (AUD) surges nearly 1% on Tuesday on speculation that the Reserve Bank of Australia (RBA) might raise rates at its March meeting. At the time of writing, the AUD/USD pair trades at 0.7131, after reaching a three-year high at 0.7168. AUD/USD Price Forecast: Terminal outlook The AUD/USD technical picture is bullish-biased after hitting its highest level since June 2022, poised to extend its gains if it closes daily above the 0.7100 figure. The Relative Strength Index (RSI) reveals that momentum is bullish, but the index needs to clear the previous high of 64, which could open the door to further upside in the AUD/USD pair. If AUD/USD surpasses 0.7168, the next resistance would be the 0.7200 figure. A breach of the latter will expose the 0.7250 mark, followed by 0.7300. Conversely, if AUD/USD tumbles below 0.7100, it opens the door for a pullback. The first support would be 0.7053, the March 10 low, followed by the 0.7000 mark. On further weakness, the next area of demand would be the March 9 swing low of 0.6956. AUD/USD Price Chart – Daily AUD/USD Daily Chart Australian Dollar FAQs One of the most significant factors for the Australian Dollar (AUD) is the level of interest rates set by the Reserve Bank of Australia (RBA). Because Australia is a resource-rich country another key driver is the price of its biggest export, Iron Ore. The health of the Chinese economy, its largest trading partner, is a factor, as well as inflation in Australia, its growth rate and Trade Balance. Market sentiment – whether investors are taking on more risky assets (risk-on) or seeking safe-havens (risk-off) – is also a factor, with risk-on positive for AUD. The Reserve Bank of Australia (RBA) influences the Australian Dollar (AUD) by setting the level of interest…

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Filed under: News - @ March 10, 2026 8:28 pm