The 4-hour chart for AUD/USD shows the price rebounding from the support of the ascending broadening wedge pattern at 0.6440. This rebound appears constructive and suggests that prices may continue to move higher toward 0.6650.
A break above 0.6650 could push the pair toward 0.6720. The emergence of an inverted head and shoulders pattern above 0.6440 and the break above 0.6530 has opened the door for a continuation of the upward trend in AUD/USD.
