AUDUSD Daily Analysis – March 2, 2020

AUDUSD extended its downside movement from 0.6749 to as low as 0.6433. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue and next target would be at 0.6400. Key resistance is at 0.6591, only break above this level could signal completion of the downtrend.

AUDUSD 4-hour chart