AUD/USD LONG

WEEKLY...

* WEEKLY RESISTANCE @ 0.735 BROKEN. NOW TURNED RESISTANCE. NEXT TARGET MONTHLY RESISTANCE @ 0.77
* LARGE BULLISH ENGULFING CANDLESTICK
* MOVING AVERAGES STILL TO THE UPSIDE
* TWEEZER FORMATION

DAILY...

* BULLISH ENGULFING CANDLE.
- BROKE OUT FROM 11 DAY CONSOLIDATION
- BROKE DESCENDING TRENDLINE RESISTANCE
- BROKE WEEKLY RESISTANCE NOW TURNED SUPPORT @ 0.735.
* PROCEEDING CANDLESTICK FAILED TO BREAK WEEKLY SUPPORT @ 0.735 - FAKEOUT
* MOVING AVERAGES CROSSED TO THE UPSIDE

4 HOUR...

* DOUBLE BOTTOM FORMED
* TWEEZER FORMATION
* MOVING AVERAGES TO THE UPSIDE
* MORNING STAR FORMATION
* STOP LOSS 15 PIPS BELOW DAILY LOW @ 0.7315 - STOP LOSS @ 0.73