AUDUSD Weekly Analysis – March 1, 2020

AUDUSD’s downside movement from 0.7031 extended to as low as 0.6433. As long as the price is below the falling trend line on the daily chart, the downside movement could be expected to continue and next target would be at 0.6100 area, only break above the trend line resistance could signal completion of the downtrend.

AUDUSD daily chart