AUD/USD Short term outlook

FX:AUDUSD   Australian Dollar / U.S. Dollar
234 0 5
AUD/USD             has made a high of 0.7840 and is slightly retreating from that level. Overall trend is bearish as long as resistance 0.7850 holds.

On the upside break of 0.7850 will take the pair to 0.7875/0.8025.

The minor support is around 0.7750 and break below 0.7720/0.7650.

Indicators (4 hour chart)
CCI (50) - Sell
CCI (14)- Sell
Ichimoku- Sell

Recommendation: Sell AUD/USD             around 0.7790, SL 0.7841, Targets 0.7720/0.7652.
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