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  • AUD/USD main bearish trend is currently in a bullish pullback for the fourth day in a row.  
  • AUD/USD is in a bullish channel with the 100 and 200-period simple moving average sloping upward. Since late Friday AUD/USD is having a sideways consolidation above the 0.7300 figure. The main target is 0.7345 August 3 low.  
  • A sustained bear breakout below 0.7255 would negate the short-term bias.  

AUD/USD 15-minute chart

Spot rate:                 0.7310
Relative change:     -0.07%      
High:                        0.7318
Low:                         0.7294

Main trend:              Bearish
Short-term trend:     Bullish above 0.7255

Resistance 1:          0.7345 August 3 low
Resistance 2:          0.7364 June 28 high
Resistance 3:          0.7380 June 26 low

Support 1:          0.7294 August 13 high
Support 2:          0.7255 August 13 low
Support 3:          0.7200 figure
Support 4:          0.7159 December 26, 2016 low
Support 5:          0.7100 figure