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kinetix360
Aug 4, 2015 1:56 AM

$AUDNZD Bullish #Harmonic Pattern Long

Australian Dollar/New Zealand DollarFXCM

Description

The 1.0900 was a classic ABCD (blue pattern) and touched the 0.618 retracement before a strong bull bar. I am still expecting to go lower to 1.0750 area with SOT (Shortening of the Thrust) pattern. But for the moment, testing 1.1300 - 1.1350 resistant zone and rejection pattern on that zone will lead the price down to test 1.1000 - 1.0750 supports area.
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