AUDNZD Chart Technical Outlook

AUDNZD Chart Technical Outlook bullish Butterfly completes at 1.0806
We have witnessed strong selling pressure from the 1.1030 swing high. The cross is consolidating within the support zone of 1.0826 – 1.0804. A move to 1.0806 will form a bullish Butterfly pattern. Intraday resistance is located at 1.0926. Although there is scope for mild selling pressure, I would look for losses to be limited. 1.0806 is prime support.

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