AUDUSD 0 .7747: Extends weakness within a 2-week falling channel

AUDUSD fell sharply from the 0.8162 recent peak (May 14, 2015) via the 0.7931 lower high (May 22, 2015) to breach the 0.7785 support (May 5, 2015 higher low) to suggest topping under 0.8162 and resume the broad weakness for 0.7682 (April 21, 2015 low) ahead of 0.7552 (April 13, 2015 low) and the 0.7532 year-to-date low (April 2, 2015). The immediate resistance levels are 0.7802 and then 0.7839 (May 26, 2015 high) which should cap bounces. Only back above .7839 would shift the focus to 0.7931.
Outlook:
Short term: bearish
Long term: bearish