AUDUSD Daily Analysis – March 12, 2020

AUDUSD is facing 0.6450 support, a breakdown below this level could trigger further downside movement to 0.6350 area. On the upside, as long as 0.6450 support holds, the fall from 0.6684 could be treated as corrective consolidation for the uptrend from 0.6311, another rise towards 0.6700 is still possible after the consolidation.

AUDUSD 4-hour chart