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.
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.