AUD/USD targets breakout as RBA maintains hawkish stance

AUD/USD is testing key resistance levels near 0.6750 after the Reserve Bank of Australia held interest rates steady, maintaining its hawkish bias amid persistent inflation concerns. The pair has gained 0.4% in early Asian trading, supported by the RBA's commitment to keeping rates elevated until inflation returns sustainably to target. Technical analysis indicates the pair is approaching a critical breakout zone, with immediate resistance at 0.6760 (50-day moving average) and stronger resistance at 0.6800. A successful break above these levels could open the path toward 0.6850. Support remains firm at 0.6700, reinforced by positive sentiment around Australia's commodity exports and China's economic recovery. Traders are closely monitoring upcoming Australian employment data and Chinese economic indicators, which could provide additional momentum for the Aussie dollar's upward trajectory.