AUDUSD Daily Analysis – March 17, 2020

AUDUSD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 0.6684. As long as the trend line resistance holds, the downside could be expected to continue and next target would be at 0.6000 area. Near term resistance is at 0.6185, a break of this level could bring the price back towards the trend line.

AUDUSD 4-hour chart