AUD/USD Daily Analysis – Wednesday, March 6

AUD/USD extended its downside movement from 0.7198 to as low as 0.7051. Further decline is still possible after a minor consolidation and next target would be at 0.7000 area. Resistance is at 0.7100, only break above this level could bring the price back towards 0.7200.

AUDUSD 4-hour chart

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