AUDUSD Daily Analysis – March 13, 2020

AUDUSD broke below 0.6311 support and extended its downside movement from 0.6684 to as low as 0.6211. Further decline is still possible and next target would be at 0.6150 area. Near term resistance is at 0.6385, a break of this level could bring the price back to 0.6500 area.

AUDUSD 4-hour chart