AUDUSD Daily Analysis – March 8, 2019

AUDUSD extended its downside movement from 0.7198 to as low as 0.7004. As long as 0.7051 resistance holds, the downside movement could be expected to continue and next target would be at 0.6950 area. Only a break of 0.7051 resistance could signal completion of the downtrend.

AUDUSD 4-hour chart