SamKent

AUD/NZD 4H: Pattern Breakout

Short
FX:AUDNZD   Australian Dollar / New Zealand Dollar
5
The AUD/NZD is in a well defined bear trend, and we're looking for the downside breakout of recent consolidation, and the descending triangle formation. A break lower should ultimately send us towards the 1.3500-1.0300 handle, with 1.04700 area serving as future resistance in the case of a breakout-retest sequence.