AUDUSD Daily Analysis – March 20, 2019

AUDUSD broke below the bullish support trend line on the 4-hour chart, suggesting that the short term uptrend from 0.7003 had completed at 0.7119 already. Further decline is still possible and next target would be at 0.7000 area. Resistance is at 0.7090, only break above this level could trigger another rise towards 0.7170.

AUDUSD 4-hour chart