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  • AUD/USD main bear trend is in pullback mode for the sixth consecutive day.
  • AUD/USD is finding support at the 0.7144 level and the 50-period simple moving average while the RSI, MACD and Stochastics indicators are pointing to more gains. Bulls need to have a sustained break above the 0.7200 figure in order to reach 0.7294 (August 13 high) and 0.7383 (August 21 high).  
  • A break below 0.7144 (September 5 low) would likely invalidate the bullish bias.

AUD/USD 4-hour chart

Spot rate:                 0.7210
Relative change:       0.47%      
High:                        0.7223
Low:                         0.7143

Main trend:              Bearish
Short-term trend:     Bullish

Resistance 1:          0.7200 figure August 15 low
Resistance 2:          0.7236 August 24 low
Resistance 3:          0.7255 August 13 low
Resistance 4:          0.7294 August 13 high
Resistance 5:          0.7383 August 21 high

Support 1:               0.7144 September 5 low
Support 2:               0.7085, 2018 low
Support 3:               0.7000 figure
Support 4:               0.6830 January 15, 2016 low  

Expert score

5

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