AUDUSD Daily Analysis – Tuesday, March 20

AUDUSD remains in the downtrend from 0.7916. Further decline could be expected in a couple of days and next target would be at 0.7600 area.

Near-term resistance is at 0.7745, only a breakout of this level could indicate that consolidation for the downtrend is underway, then further rally to 0.7770 area could be seen.