AUDUSD Daily Analysis – March 19, 2019

AUDUSD broke above 0.7097 resistance and extended its upside movement from 0.7003 to as high as 0.7119. As long as the price is above the bullish trend line on the 4-hour chart, the upside movement could be expected to continue and next target would be at 0.7170 area. Only a breakdown below the trend line support could signal completion of the uptrend.

AUDUSD 4-hour chart