AUDUSD Daily Analysis – Monday, March 19

AUDUSD extended its downside movement from 0.7916 to as low as 0.7698, breaking below 0.7712 support.

Further decline could be expected after a minor consolidation and next target would be at 0.7600 area.

Near-term resistance is at 0.7745, a break of this level would suggest that consolidation for the downtrend is underway, then the pair would find next resistance level at around 0.7770.