AUD/USD Technical Analysis – Consolidation
The 4-hour chart for AUD/USD shows that the pair is consolidating near the edge of a symmetrical broadening wedge. The price is between $0.64 and $0.65, indicating strong volatility. This narrow range suggests that a breakout is imminent. A move outside this consolidation zone will likely define the next direction for AUD/USD. Weakness in the US dollar has pushed AUD/USD higher from its long-term support, indicating bullish price action.
