AUDUSD Daily Analysis – March 23, 2020

AUDUSD is now in the uptrend from 0.5507, the pullback from 0.5985 is likely corrective consolidation for the uptrend. Further rise could be expected after the consolidation, and a break of 0.5985 resistance could trigger further upside movement towards 0.6200. Near term support is at 0.5650, only break below this level could trigger another fall towards 0.5400.

AUDUSD 4-hour chart