There is a teacup pattern forming on the AUDUSD exchange rate. The rounding bottom that precedes such pattern was perfectly formed, and now is on the descending channel. We should wait for a breakup on the channel before taking a long position which final target is about 0.7825 or around 4% up. Stop loss could be under the 0.7434 support line. Bollinger bands are tightening, an explosion on the bands and a crossover in MACD indicator would be also good signals to see before entering long.