That is long term trade and should take weeks / months to complete pattern.
We have clear divergane in .
We have accumulation of long positions in range 1.02670 - 1.06000.
Cross market analysis indicates aussie will be getting stronger against some major currency pairs in coming weeks.
All above leads me to conclusion this might be one of best trades in second half of this year.
We already have had an impulse on lower timeframe which might be beggining of huge upmove.
There ia also possibility for more downside however I think it is taking off.
At the moment i consider number of options for longs.
It could be a leading diagonal structure or even triangle.
We need more pieces to indentify.
Watch price action when reaching black trend line and if do not reverse from there should get to the top of the yellow zone.