We prefer to go short in AUD/USD

FX:AUDUSD   Australian Dollar / U.S. Dollar
AUD/USD has slightly recovered after making as low of 0.81052. On the upside it is facing resistance around 0.82354 and any break of it will take the pair to 0.8375/0.8600.

The pair’s minor support is around 0.8050 and indicative break below will target 0.7600.

Indicators(4 Hour chart)
CCI (50) – Buy
CCI (14) – Sell

Ichimoku- Neutral

Recommendation: Sell AUD/USD around 0.8374, SL 0.8600, Target 0.7600.


on the 1 hour chart, we might be seeing a head fake.

at the moment, I'm watching for a breakout, out of consolidation at .81246/.81216
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