As per the prior analyses, AUD/USD Price Analysis: Bulls eye a break of 0.6980 or face a move lower, and, AUD/USD bulls cheer a less hawkish outcome at the Fed, the bulls stay in control.
From a 4-hour perspective, below, the price had almost completely mitigated the price imbalance between 0.7003 and 0.7013 which left the scope for a bearish correction, prior to the next bullish impulse.
The price is playing out according to the above analysis as per the 4-hour chart above. If 0.7005 gives, then 0.7013 and the 0.7050s will be eyed.
From an hourly perspective, as per the chart above, the broadening formation is worth acknowledging and currently favours the upside.