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  • AUD/USD is trading in a bear trend.  
  • AUD/USD broke below 0.7144 September 5 low while the market is trading below its main simple moving averages. The RSI, MACD and Stochastics indicators are in bearish territories.  
  • A continuation of the bear move should lead to 0.7085 (current 2018 low).  On the flip side, a break above 0.7200 would likely invalidate the current bearish bias.  

AUD/USD 4-hour chart  

Spot rate:                 0.7126
Relative change:     -0.87%      
High:                        0.7198
Low:                         0.7118

Main trend:              Bearish

Resistance 1:          0.7144 September 5 low
Resistance 2:          0.7200 figure August 15 low
Resistance 3:          0.7236 August 24 low
Resistance 4:          0.7255 August 13 low
Resistance 5:          0.7294-0.7307 August 13 high, 50 DMA
Resistance 6:          0.7383 August 21 high
Resistance 7:          0.7485 July 10 high

Support 1:               0.7085, current 2018 low
Support 2:               0.7000 figure
Support 3:               0.6830 January 15, 2016 low