AUD/USD Technical Analysis: Aussie counter-trend move up en route to 0.7200 figure

• AUD/USD is trading in a bear trend as the market is below the 200-period simple moving average (SMA). AUD/USD is also having a pullback up as the bulls are testing the 0.7144 resistance (September 5 low). 
• The RSI, MACD and Stochastic indicators are encouraging for further gains in the coming sessions. Bulls will have to break above 0.7144 in order to reach 0.7174-0.7200 zone (the 200 SMA on the 4-hour chart and August 15 low.
• A bear breakout below 0.7100 on a daily closing basis would be seen as a warning sign for bulls. 

AUD/USD 4-hour chart

Spot rate:                 0.7140
Relative change:      0.39%     
High:                        0.7150
Low:                         0.7098

Main trend:              Bearish
Short-term trend:     Bullish above 0.7041

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

Support 1:               0.7100 figure
Support 2:               0.7085, September 11 low
Support 3:               0.7041 October low
Support 4:               0.7000 figure
Support 5:               0.6830 January 15, 2016 low