- AUD/NZD is in continuation of a "Bullish Butterfly" pattern on daily charts.
- The pair has broken major support by 100-DMA at 1.0532, scope for test of trendline at 1.0415.
- Violation at trendline support could see test of 1.0363 (Nov 9 lows).
- Our previous call (http://www.econotimes.com/FxWirePro-Possible-Bullish-Butterfly-on-AUD-NZD-short-break-below-10530-420797) has hit TP1&2.
- Support levels - 1.0415 (trendline), 1.0363 ((Nov 9 lows), 1.0312 (July 8 lows)
- Resistance levels - 1.0533 (100-DMA), 1.0573 (50-DMA), 1.0588 (falling trendline), 1.0612 (Nov 25 high)
Recommendation: Book partial profits, lower trailing stops to 1.0533, target 1.0415/ 1.04/ 1.0365
FxWirePro's Hourly AUD Spot Index was at 40.2017 (Neutral), while Hourly NZD Spot Index was at 104.577 (Highly bullish) at 0400 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex


FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro: USD/CNY downside pressure builds, key support level In focus
FxWirePro- Major Pair levels and bias summary
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
EUR/JPY Surges on Yen Weakness: Bullish Momentum Eyes 186-187 Targets
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
AUDJPY Bulls Stay in Control: Buy the Dips Above 103.80 Targeting 106
FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/JPY retreats as Japan signals possible FX intervention
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact 



