AUD/USD Technical Analysis: Aussie under pressure below 0.7100 figure

• AUD/USD is trading in a bear trend below the 200-period simple moving average (SMA) on the 4-hour chart.  
• AUD/USD rejected the 0.7100 level as well as the 50 and 100 SMA. Technical indicators remain weak suggesting continued bearish pressure while under 0.7100.  
• Targets to the downside can be seen near 0.7041 October low and 0.7000 figure.  

AUD/USD 4-hour chart

Spot rate:                 0.7065
Relative change:      -0.32%      
High:                        0.7108
Low:                         0.7061

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:               0.7041 October low
Support 2:               0.7000 figure
Support 3:               0.6830 January 15, 2016 low