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  • AUD/USD is trading in a bear trend below the 200-period simple moving average on the 4-hour chart.
  • AUD/USD bears are rejecting the 0.7100 figure along with the 50 and 100-period simple moving average. The path of least resistance is to the downside suggesting that a break of the 0.7050 support might lead to a retest of the 2018 low at the 0.7020 level.  
  • A break above 0.7100 on a daily closing basis would invalidate the bearish bias.

AUD/USD 4-hour chart

Main trend:              Bearish

Resistance 1:          0.7085, September 11 low
Resistance 2:          0.7100 figure
Resistance 3:          0.7144 September 5 low
Resistance 4:          0.7174-0.7200 zone, 200 SMA (4H) and August 15 low
Resistance 5:          0.7300 figure

Support 1:               0.7050 figure
Support 2:               0.7041 key support/resistance
Support 3:               0.7020 current 2018 low
Support 4:               0.6830 January 15, 2016 low  

Additional key levels at a glance

AUD/USD

Overview:
       Last Price:  0.7064
       Daily change:  -29  pips
       Daily change:  -0.409%
       Daily Open:  0.7093
Trends:
       Daily SMA20:  0.7106
       Daily SMA50:  0.7186
       Daily SMA100:  0.7292
       Daily SMA200:  0.7513
Levels:
       Daily High:  0.7106
       Daily Low:  0.702
       Weekly High:  0.7128
       Weekly Low:  0.702
       Monthly High:  0.7316
       Monthly Low:  0.7085
       Daily Fibonacci 38.2%:  0.7073
       Daily Fibonacci 61.8%:  0.7053
       Daily Pivot Point S1:  0.704
       Daily Pivot Point S2:  0.6988
       Daily Pivot Point S3:  0.6954
       Daily Pivot Point R1:  0.7126
       Daily Pivot Point R2:  0.7159
       Daily Pivot Point R3:  0.7211