AUDUSD Weekly Analysis – March 11, 2017

Being contained by 0.7778 resistance, AUDUSD pulled back from 0.7740. The pair is now in downtrend. Further decline could be expected and next target would be at 0.7100 area. Resistance is at 0.7740, only break above this level could signal resumption of the uptrend from 0.7158.

AUDUSD chart