The AUD/USD started its bearish continuation attempt right after mid-November when it fell below November's rising speedline and broke below the 0.8650 pivot. Then we saw a pullback, that essentially respected the bearish breakout. This week, the pair is falling sharply without looking back and even without USD-strength. It is now at a new low on the year and a 4-year low.AUD/USD 4H Chart 11/25(click to enlarge) Now, the 4H chart is bearish, but also a tad oversold. We can expect some consolidation above 0.85, but we might want to limit the bullish outlook first to the 0.8575-0.86 area. These was an area of some common lows in November. Above that, the next key resistance will be around 0.8650. The 4H RSI should also hold below 60 if the bearish outlook is to stay.To the downside, below 0.85, we have the 0.8315 support pivot and then the 0.8066 low from 2010. In 2014-, we should continue to look for sellers on rallies, but in 2015, if price gets into this area, we should start anticipating medium-term consolidation. A break above 0.88 at this point will be needed to take away the bearish outlook towards 0.8315.