AUD/USD Daily Analysis – Friday, March 16


AUD/USD broke below the bullish trend line on the 4-hour chart and extended its downside movement from 0.7916 to as low as 0.7770. Further decline could be expected after a minor consolidation and next target would be at 0.7712 support. Resistance is now at 0.7815, as long as this level holds, the downside will continue.

AUDUSD 4-hour chart

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