The AUD/USD pair on the 4-hour chart is currently in a consolidation phase within a rising channel, showing a strong uptrend with higher highs and lows. It is testing resistance around the 0.6750 zone. If the price successfully breaks above this level, it could target 0.6800 and beyond. However, a pullback could occur towards the 0.6700 support level, which might provide a buying opportunity.
Trade active
FINALLY BEING PUSHED UPTrade active
with the CPI coming it will go higher
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.