AUDUSD Forming Bullish MomentumAUD/USDOANDA:AUDUSDAndrewsMarket-MasteryAUD/USD is currently showing signs of a constructive base around the 0.6450–0.6500 area, suggesting that buyers are stepping in around this key support zone. The pair has held this level multiple times, and the recent price action indicates a potential build-up for a bullish rebound. If momentum continues to shift, we could see a move towards the 0.6700 region, given enough follow-through and strength from macro drivers. Fundamentally, the outlook for the Australian dollar remains mixed but tilted slightly in favor of the Aussie over the medium term. The Reserve Bank of Australia (RBA) has kept its interest rate at 3.6%, signaling that further rate cuts are not imminent, especially with inflation lingering near the upper end of its 2–3% target. () At the same time, global risks — including trade uncertainty — continue to weigh. The RBA’s forecasts show modest GDP growth heading into 2026, with private demand expected to strengthen as real household incomes recover. Commodity prices remain a tailwind for AUD, as Australia is a major exporter of iron ore, coal, and other raw materials. Elevated commodity demand, combined with a moderate interest rate differential versus the U.S., could provide support for AUD strength. That said, downside risks persist: the RBA faces a delicate balance between controlling inflation and supporting growth, and any unexpected deterioration in global trade could pressure the currency.