AUD/USD Forecast. The pair remain under bearish pressure

AUD/USD Technical Analysis – Negative Price Action

The AUD/USD pair consolidates within an ascending broadening wedge, indicating strong price volatility. A second ascending broadening wedge has formed and broken to the downside. The pair remains under bearish pressure and appears poised for further decline. A break above $0.6450 is needed to negate this bearish outlook.