AUD/USD trades within an ascending broadening wedge and is building bullish momentum.
The 4-hour chart for AUD/USD indicates that the pair is trading within an ascending broadening wedge pattern, displaying bullish momentum.
Bearish pressure on the US Dollar Index supports the pair’s upward movement. Strong resistance is located around the 0.66 area, coinciding with the long-term black resistance line. A break above 0.66 could trigger a move toward the 0.67 area.
