AUDUSD: Formed bullish engulfing on H4 | March 4, 2017

Audusd has formed bullish engulfing from support level. This pair has found little support at 0.7540 level. It seems buyers are active again to take control over audusd. So we need to stay on bullish mode on next week. Above the support level, this pair will stay on bullish momentum.
Stochastic is showing bullish momentum from the oversold area. So we can expect some bullish momentum from this level.
On h4 chart, we can see 200 ema is staying at 0.7625 level and 100 ema at 0.7665 level. We can use this level for buy take profit level and as a resistance level also.

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