AUD/USD Technical Analysis: AUD/USD bulls challenging 0.7200 figure

• AUD/USD is in a bear trend. 
• AUD/USD bears broke below the 0.7200 figure while the RSI, MACD and Stochastics indicators are in negative territories. AUD/USD is trading below its 50, 100 and 200-period simple moving average (SMA) which leaves room for bulls to return to the mean. However, AUD/USD is also capped by the bearish trendline (blue) near 0.7255.  
• The market is set to continue evolving sideways to down with any incursion above 0.7200 likely capped near 0.7255 (August 13 low) in the short-term.  

AUD/USD 4-hour chart

Spot rate:                 0.7200
Relative change:     -0.33%     
High:                        0.7240
Low:                         0.7161

Main trend:              Bearish

Resistance 1:          0.7200 figure August 15 low
Resistance 2:          0.7236 August 24 low
Resistance 3:          0.7255 August 13 low
Resistance 4:          0.7294-0.7307 August 13 high, 50 DMA
Resistance 5:          0.7383 August 21 high
Resistance 6:          0.7485 July 10 high

Support 1:               0.7144 September 5 low
Support 2:               0.7085, current 2018 low
Support 3:               0.7000 figure
Support 4:               0.6830 January 15, 2016 low