We prefer to short AUD/USD

FX:AUDUSD   Australian Dollar / U.S. Dollar
Positioning Bias:

AUD/USD made a high 0.8187 and is slightly retreating from that level. The major resistance is around 0.8275 (200 4Hour EMA ) any short term trend reversal can happen only above that level.
On the up side break above will target 0.83745 (Dec 10th high) /0.8395).
The pair’s minor support is around 0.8030 and any indicative break below will target 0.7900 (161.8% retracement of 0.82513 to 0.8034) in short term.
The major intraday resistance is around 0.8200.

Indicator (4 Hour Chart)
CCI (50) – Sell
CCI (14) – Sell
Ichimoku- Sell

Recommendation: Sell AUD/USD around 0.8150, SL 0.8275, Target 0.8030/0.7900.