AUD/USD Technical Analysis: Aussie falling to a new 2018 low, bears looking at 0.7200 target

• AUD/USD is trading to new 2018 lows as USD is having a boost across the board.  
• AUD/USD bears next objective is to reach the 0.7200 figure and 0.7159 December 26, 2016 low.  
• Resistances to the upside become 0.7255 and 0.7294 August 13 high.

AUD/USD 15-minute chart  

AUD/USD daily chart

Spot rate:                 0.7235
Relative change:      -0.46%      
High:                        0.7285
Low:                         0.7232

Trend:                      Bearish

Resistance 1:               0.7255 August 13 low
Resistance 2:               0.7294 August 13 high
Resistance 3:               0.7345 demand level
Resistance 4:               0.7364 June 28 high
Resistance 5:               0.7380 June 26 low
Resistance 6:               0.7400 figure
Resistance 7:               0.7413 current August 3 high
Resistance 8:               0.7442 July 31 high
Resistance 9:               0.7463 July 26 high

Support 1:               0.7200 figure
Support 2:               0.7159 December 26, 2016 low
Support 3:               0.7100 figure