AUDUSD Weekly Analysis – February 24, 2019

AUDUSD remains in the downtrend from 0.7295, the bounce from 0.7054 is likely corrective consolidation for the downtrend. Further decline could be expected and next target would be at 0.6900 area. Resistance is at 0.7200, only break above this level could trigger another rise towards 0.7400.

AUDUSD daily chart