AUD/USD Technical Analysis: Aussie in search of direction above 0.7200 figure

• AUD/USD is trading in a bull trend above the 200-period simple moving average.  
• AUD/USD had a significant 200-pip rally in the last days of trading and bulls will need to reconquer the  0.7260 level (November 2 high) in order to extend the bull trend. The RSI and Stochastic are losing momentum while the MACD indicator had a crossover.  
• In the short-term, in the absence of a break above 0.7260, a retest of 0.7144 can be on the cards.

AUD/USD 4-hour chart

Main trend:              Bullish

Resistance 1:          0.7260 November 2 high
Resistance 2:          0.7300 figure
Resistance 3:          0.7383 August 21 high

Support 1:               0.7174-0.7200 zone, 200 SMA (4H) and August 15 low
Support 2:               0.7144 September 5 low
Support 3:               0.7100 figure
Support 4:               0.7085, September 11 low
Support 5:               0.7050 figure
Support 6:               0.7041 key support/resistance

Additional key levels at a glance: