FX:AUDUSD   Australian Dollar/U.S. Dollar
Awaitng confirmation over the next few days before taking a long position.

You might see that the 3 SMA's (4,9,18) are fanning out respectively, indicating the establishment of a new bull trend. However the trendline still needs to be broken.

I am after a close with large volume above the bear trendline . Before I take a long position ADX will need to be pointing up so as to confirm the bull reversal and start of a new trend.

Target for long position should be sub 0.85 with stop1 pip below breakout close