AUDUSD Daily Analysis – March 6, 2020

AUDUSD moved sideways in a trading range between 0.6575 and 0.6645. As long as 0.6575 support holds, the price action in the range could be treated as consolidation for the uptrend from 0.6433, and further rise to 0.6700 area is possible after the consolidation. On the downside a breakdown below 0.6575 support would indicate that the upside movement had completed at 0.6645 already, then the pair would find support at around 0.6480.

AUDUSD 4-hour chart