**AUD/USD Price Analysis: Bullish Momentum Attempts and Technical Outlook**
*Based on analysis by Economies.com, expanded and supplemented with additional insights from recent market movements and expert commentary.*
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## Overview
The Australian Dollar versus US Dollar (AUD/USD) currency pair is one of the most actively traded in the forex market. Its dynamics provide insights into relative economic strength, commodity market trends, and global risk sentiment. Recently, according to analysis by Economies.com, the AUD/USD price has been making attempts to gain bullish momentum, responding to evolving technical signals and macroeconomic factors.
This article provides an in-depth analysis of the AUD/USD technical and fundamental landscape, drawing from the Economies.com analysis published on February 9, 2025. Additional context is provided to frame these movements within the broader forex market environment and the outlook for coming sessions.
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## Recent Price Action and Technical Behavior
### Key Technical Developments
AUD/USD has been consolidating after a period of volatility. The pair’s recent attempts to gather bullish momentum are supported by certain technical patterns and indicators. According to the analysis by Economies.com:
– **Initial Resistance Level:** The pair approached important resistance at approximately 0.6635. This level represents a short-term hurdle.
– **Support Levels:** Acting support is seen around the 0.6570 area, helping limit downside potential for now.
– **Moving Averages:** The price is fluctuating near the 50-period simple moving average (SMA) on the four-hour chart, suggesting a potential transition phase.
– **Technical Patterns:** A sequence of higher lows, if maintained, could underpin a bullish configuration, especially if follow-through buying emerges above resistance.
### Momentum Indicators
– **Relative Strength Index (RSI):** The RSI indicator is holding close to the neutral 50 threshold. Sustained moves above 55 may reinforce bullish intent, indicating that buyers are starting to control momentum.
– **MACD Signal:** The Moving Average Convergence Divergence (MACD) currently displays a flat signal line, highlighting the current market indecision.
### Candlestick Formations
Recent candlestick behavior in the four-hour and daily timeframes shows the formation of doji and spinning top patterns, which are reflective of indecision rather than trend direction. However, the defense of higher lows could be building a base for an upward move.
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## Fundamental Drivers Supporting AUD/USD
Beyond technical undercurrents, several fundamental factors are influencing the AUD/USD exchange rate:
### Australian Economic Factors
– **Commodity Prices:** Australia’s position as a major exporter of commodities, particularly iron ore and coal, means that commodity price trends directly impact the value of the Australian dollar. Recent stabilization in commodity prices has provided a modest tailwind for the currency.
– **Interest Rates:** The Reserve Bank of Australia (RBA) has recently signaled a cautious approach to monetary policy tightening. While inflation remains a concern, the RBA has paused on aggressive hikes, making AUD
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