AUD/USD Technical Analysis: Bears give no respite to the Aussie which is sinking to 32-month low and nearing 0.7000 figure

• AUD/USD is in a strong bear trend as the market is trading at a 32-month low. 
• AUD/USD is approaching the 0.7000 round figure as the market is in a steep bear leg. The RSI and Stochastics are deeply in oversold while the MACD is in negative territories. 
• The main targets to the downside are the 0.7000 figure and 0.6830 (January 15, 2016 low) on a strong break below 0.7000 figure. On the flip side, a break above 0.7085 (September 11 low) might lead to a correction up. 

AUD/USD 4-hour chart

Spot rate:                 0.7044
Relative change:     -0.46%     
High:                        0.7089
Low:                         0.7041

Main trend:              Bearish

Resistance 1:          0.7085, September 11 low
Resistance 2:          0.7144 September 5 low
Resistance 3:          0.7200 figure August 15 low

Support 1:               0.7000 figure
Support 2:               0.6830 January 15, 2016 low 
Support 3:               0.6800 figure