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Possible "Bullish Butterfly" on AUD/NZD, short break below 1.053

FX:AUDNZD   Australian Dollar/New Zealand Dollar
180 1 9
8 days ago
We see a possible "Bullish Butterfly" pattern on AUD/NZD             daily charts .

The pair is currently holding major support by 1.0532 (converged 20 & 100-DMAs), we see weakness on break below.

AUD/NZD             finds major resistance at 1.06, bearish invalidation on break above.

Support levels - 1.0532 (converged 20 & 100-DMA), 1.05, 1.0472 (Sept 30 low), 1.0415 (trendline)

Resistance levels - 1.0578 (session high), 1.06 (falling trendline), 1.0612 (Nov 25 high)

Good to go short on break below 1.0530, SL: 1.06, TP: 1.05/ 1.0475/ 1.0415
5 days ago
Comment: TP 1&2 hit. Bias lower
5 days ago
Comment: All targets hit.

The pair has taken major trendline at 1.0415.

Violation at trendline could see test of 1.0363 (Nov 9 lows).
GcNaif MOD
5 days ago
good one mate
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