Predict unpleasant aroma by outskirts of Dundee (4)

I believe the answer is:

bode

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'predict' is the definition.
(synonyms)

'unpleasant aroma by outskirts of dundee' is the wordplay.
'unpleasant aroma' becomes 'bo' (B.O. is an example. I am not sure about the 'unpleasant' bit.).
'by' is a charade indicator (letters next to each other).
'outskirts of dundee' becomes 'de' (first and last letters of 'Dundee').
'bo'+'de'='BODE'

Can you help me to learn more?

(Other definitions for bode that I've seen before include "Augur (well, badly)" , "Presage" , "Waited" , "predict" , "Augur (well or ill)" .)

I've seen this clue in The Independent.

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