AUD/USD pair exhibits bullish price action amid weakness in the US Dollar.
The 4-hour chart for AUD/USD shows that the price is consolidating within an ascending broadening wedge pattern. Strong bearish pressure on the US Dollar Index has led to a notable bullish move in the AUD/USD exchange rate. However, strong resistance is seen near the 0.6650 level, marked by a long-term trendline shown in black. A break above 0.6650 would signal further upside potential. As long as the pair remains above 0.6400, the overall trend is likely to stay bullish.
