AUD/USD Short term Outlook

AUD/USD has made high of 0.7875 and retreated after release of U.S NFP data. The U.S created 257000 jobs in Jan fastest pace since 1997.

On the downside major support is around 0.7750 and break below will target 0.7720/0.770.

The pair’s minor resistance is around 0.7815 and break above would extend gain to 0.7835/0.7875..

Indicators (1hour chart)
CCI (50) - Sell
CCI (14)- Sell
Ichimoku- Sell

Recommendation: Sell AUD/USD around 0.7770, SL 0.7815, Targets 0.7720/0.7685.