Is it start of a new trend?

FX:AUDUSD   Australian Dollar / U.S. Dollar
40 1 1
USD lost a lot for others last week and now some of the market trends may reverse back so one of this trends that looks really great for me is AUDUSD             , This pair made a nice bullish engulfing candle on weekly chart so if you want to catch this new move you may put a buy stop few pip above this candle.
It's just technical view for starting or reversing a trend we need to fundamentals too so analyse that part by your self.
Bears failed to do anything special last week so let's see next week our up trend will continue or not?
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