AUDUSD Daily Analysis – March 18, 2019

AUDUSD moved sideways in a trading range between 0.7041 and 0.7097. As long as 0.7041 support holds, the price action in the range could be treated as consolidation for the uptrend from 0.7003, further rise towards 0.7170 area is still possible after the consolidation. Only a breakdown below 0.7041 support could bring the price back towards 0.7000.

AUDUSD 4-hour chart