AUD/USD Technical Analysis: Aussie rebounding near 2018 lows as 0.7144 is back on the radar

• AUD/USD is trading in a bear channel below the 200-period simple moving average on the 4-hour chart.  
• AUD/USD found support near 0.7055  and is currently trying to break above 0.7085 (September 11 low). The market is trading below the 50, 100 and 200 SMA however if bull are able to keep the market from falling below 0.7050 they can drive it back up to 0.7100 and 0.7144 resistance in the coming sessions.  Bears showed little conviction for a credible move to test the 2018 low.
• Onthe flip side, a  break below 0.7050 would open the door to the 2018 low.  

AUD/USD 4-hour chart

Spot rate:                 0.7083
Relative change:       0.04%      
High:                        0.7091
Low:                         0.7055

Main trend:              Bearish

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

Support 1:               0.7085, September 11 low
Support 2:               0.7041 October low
Support 3:               0.7000 figure
Support 4:               0.6830 January 15, 2016 low