AUDUSD Weekly Analysis – March 16, 2019

AUDUSD stays below a falling trend line on the daily chart and remains in the downtrend from 0.7295. As long as the trend line resistance holds, the downside movement could be expected to continue and next target would be at 0.6900 area. Only a breakout of the trend line resistance could signal completion of the downtrend.

AUDUSD daily chart