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AUD/USD - Breaks Descending Channel, Upside Ahead?

FX:AUDUSD   Australian Dollar/U.S. Dollar
109 0 2
OUTLOOK: WEEKLY CHART
AUD/USD             broke through the weekly trendline ( resistance level ) yesterday ( daily chart ) after seeing the Aussie trapped for over 15+ weeks inside of its descending channel .
Forming on the weekly chart is a three inside up candlestick pattern (highlighted blue box) which if it closes above 0.71700 this week, will prove an ideal LONG entry signal for next week's market open.

NOTE: Should this week close above key daily resistance turned support level around 0.71708, expect the pattern in play.


CONCLUSION: NEUTRAL - PENDING WEEKLY CLOSE.


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