VukmanManic
Long

Strong Bullish Pin Bar AU$/$

FX:AUDUSD   Australian Dollar / U.S. Dollar
80 0 1
On weekly chart analysis, AUDUSD             is trending down (I had analysis on date 4/24/14). On the other hand, Friday was extraordinary, showing positive NFP but USD weaken after results. Moreover, because of Friday's Pin Bar Reversal I do strongly believe that we will see for a couple of days AUD prices going up. MA 200&100 showing creation of possible uptrend on daily chart , and also EMA being nice support ( EMA 39 strongly rejected Friday Candle).
Secondly, there is a positive divergence on RSI and Price Action, showing Bulls are coming.
Finally, the Pin Bar rejected strong support level 0.91918 (previous resistance)

On a longer term, It possible double top or H&Ss (But head not breaking 0.97827 high of 10.21.2013) and then going south.

Have a nice trading week,

And watch for Thursday EUR Interest Rate Figures :P
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