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](https://www.forexcycle.com/wp-content/uploads/2019/20190306_AUDUSD_1.png)