AUDUSD Daily Analysis – March 6, 2019

AUDUSD extended its downside movement from 0.7198 to as low as 0.7051. Further decline is still possible after a minor consolidation and next target would be at 0.7000 area. Resistance is at 0.7100, only break above this level could bring the price back towards 0.7200.

AUDUSD 4-hour chart