FX:AUDNZD   Australian Dollar / New Zealand Dollar

Point D target @previous support W1.
Now fighting the H1 Support, point C for Bat Pattern CAN'T go further than point A, the close price should stay above point A, so there's some room here. However, and taking into account an eventual impulse movement that can eventually end close to Daily Resistance (D1), this first retracement from wave 1 must stay inside the 50% and 61.6% fib, then a more limited space in this case, but still validating Bat pattern obviously.

Having said that, i can only wish good carnival , and please help those refugee children, the images that we have seen are disturbing.

Point B:
38.2% to 50% XA
Point C:
38.2% to 88.6% AB
Point D:
88.6% XA
TP1 38.2% AD
TP2 61.8% AD

Safe trades;


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