**AUD/USD Experiences Upward Momentum Amid Supportive Market Forces: In-depth Analysis and Technical Outlook**
*Original Source: Economies.com, “The AUDUSD Price is Surrounded by Positive Pressure” (Analysis, 07-10-2025). Additional information integrated from FXStreet and DailyFX.*
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**Introduction**
The AUD/USD currency pair remains a focal point for forex traders worldwide, as shifting economic data, central bank policies, and global risk sentiment converge to influence its trajectory. Throughout 2025, the Australian dollar (AUD) has demonstrated resilience against the US dollar (USD), buoyed by several positive technical and fundamental factors. This comprehensive analysis explores the market forces shaping the pair, evaluates current technical patterns, and highlights possible scenarios for both short-term and long-term traders.
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**Current Market Context**
The AUD/USD pair has experienced notable positive momentum in early July 2025. The pair recently attempted to breach the 0.6720 resistance level, reflecting growing bullish sentiment, while supported by strong fundamental data from Australia and shifts in global risk appetite.
**Key Drivers Behind AUD/USD Price Movements**
– **Australian Economic Data**: Strong employment reports, robust retail sales figures, and steady growth in the services sector bolster confidence in the Australian economy.
– **RBA Monetary Policy**: The Reserve Bank of Australia has maintained a cautious yet supportive stance, keeping interest rates steady and reiterating a commitment to inflation targets.
– **Global Risk Sentiment**: As a commodity-linked currency, the AUD benefits from a positive outlook toward economic recovery and global trade.
– **US Dollar Trends**: Recent Federal Reserve communications have suggested a slower pace of rate hikes, putting downward pressure on the USD and giving room for the AUD/USD to rise.
– **Commodity Prices**: Rising prices for iron ore and other key exports provide additional strength to the Australian dollar.
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**Technical Analysis: AUD/USD in Focus**
### Positive Technical Signals
The technical landscape is currently supportive for the AUD/USD, with several indicators and chart patterns suggesting further upward momentum:
– **Breakout Attempts**: The pair made a decisive attempt to climb above the 0.6720 resistance level on multiple occasions. Sustained positive pressure indicates strong demand.
– **Moving Average Confluence**: The price is trading above the 50-day and 100-day simple moving averages (SMA), a classic bullish sign.
– **Relative Strength Index (RSI)**: The RSI currently sits in bullish territory, hovering near 60, but not yet entering overbought conditions.
– **MACD Dynamics**: The Moving Average Convergence Divergence (MACD) shows increasing bullish momentum, as the MACD line remains above the signal line with widening divergence.
– **Ascending Channel Formation**: The price action since mid-June suggests the formation of an upward-sloping channel, with higher highs and higher lows reinforcing the positive technical outlook.
#### Key Support and Resistance Levels
– **Immediate Resistance**:
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