On the four-hour chart, there is a long-term consolidation of the asset in the price range of 0.6646–0.6855, and now a candlestick analysis Dragonfly Doji pattern is forming near 0.6696, which indicates an attempt by the "bulls" to keep the initiative. Also, no less important model, signaling the upcoming upward dynamics, is the Morning star, which also appeared above 0.6696. At the moment, the movement of the trading instrument is directed towards the resistance at 0.6855, the breakout of which will allow buyers to reach the zone 0.7128−0.7444. An alternative scenario may arise if the "bulls" fail to hold the support level of 0.6646, and then the price is likely to fall even lower (to the area of 0.6413−0.6173).
On the daily chart, there is the formation of an Ascending triangle price pattern, which is characterized by horizontal resistance and growing price lows, that is, the maximum approach of quotes to the resistance level of 0.6855 and its subsequent overcoming. Also, a characteristic sign of the Triangle" is the decline in trading volumes before the impulse growth. It is also necessary to highlight the formation of a series of Inverted hammer candlestick patterns near 0.6696, signaling an increase in the upward dynamics of the asset. In case of successful consolidation of quotes above the resistance level of 0.6855, the AUD/USD pair will rush to the zone of 0.7128−0.7444.
Support levels: 0.6646, 0.6413, 0.6173. | Resistance levels: 0.6855, 0.7128, 0.7444.