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AUDUSD BULLISH moment on the way...

Largo
Dólar australiano/Dólar estadounidense (FX:AUDUSD)  
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FX:AUDUSD   Dólar australiano/Dólar estadounidense
Trend Analysis Technical Indicators Chart Patterns AUDUSD audusdlong audusdforecast audusdsignal audusdanalysis audusddaily audusdforcast audusdforex audusdforecost
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trendanalysis indicator chartpattern audusd audusdlong audusdforecast audusdsignal audusdanalysis audusddaily audusdforcast audusdforex audusdforecost
AUDUSD is a forex instrument that has 5.4% of trading volume.
AUDUSD have been consolidatiing in the rectangle for past 2 month. It break to the downside but proved to be a fakeout. and market reversed and ended up back in channel.
AUDUSD is expected to be bullish for next week.

Reason:
  1. Fakeout and very nice volume comeback to channel.
  2. Price > 5 EMA >13 EMA
  3. Bullish pattern formation after fakeout. right time to make position.
  4. RSI > 50 Bullish Zone.

Verdict:
Bullish for next Week

Plan of action:
Buy: 0.63835 (after retrace)
SL: 0.63508
Target: 0.64941
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