AUDUSD Weekly Analysis – March 8, 2020

AUDUSD broke above the falling trend line on the daily chart, suggesting that the downtrend from 0.7031 had completed at 0.6433 already. Further rally could be expected and next target would be at 0.6900 area. Near term support is at 0.6570, below this level could trigger another fall towards 0.6400.

AUDUSD daily chart