AUDUSD Daily Analysis – March 7, 2019

AUDUSD’s downside movement from 0.7198 extended to as low as 0.7020. Further decline is still possible after a minor consolidation and next target would be at 0.6950 area. Resistance is at 0.7070, only a break of this level could signal completion of the downtrend.

AUDUSD 4-hour chart