AUD/USD Technical Analysis: 0.7200 Mission Accomplished - Bullish reversal can extend to 0.7300 figure

• Aussie bulls lifted AUD/USD to 0.7200 putting the main bear trend on hold. 
• Bulls regained the 50-period simple moving average but were rejected at the 100 SMA. The RSI, MACD are still bullish while the Stochastic indicator is already overbought. 
• All-in-all AUD/USD bulls are still in charge and an extension of the bullish reversal to 0.7300 can be on the cards if the bulls can break 0.7236 (August 24 low). 

AUD/USD 4-hour chart

Spot rate:                 0.7198
Relative change:      0.42%     
High:                        0.7231
Low:                         0.7165

Main trend:              Bearish
Short-term trend:     Bullish correction above 0.7085, 2018 low 

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 August 13 high

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