The 4-hour chart for AUD/USD shows that the pair is trading within an ascending broadening wedge and has reached strong support at the 0.6450 level. It has rebounded from this level and is now consolidating to determine its next move. A break below 0.6440 would be a bearish signal and could push the pair toward 0.6380 and 0.6320 in the short term. However, if the support at 0.6450 holds, the next move may target the 0.6600 area.
