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

How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.