FxWirePro: AUD/NZD holds major trendline support at 1.04, good to short break below

• AUD/NZD is extending the "Bullish Butterfly" pattern on daily charts.
   
• The pair has taken major trendline at 1.0415. Violation at trendline 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 achieved all targets.
   
• Support levels - 1.0415 (trendline), 1.0363 ((Nov 9 lows), 1.0312 (July 8 lows)
   
• Resistance levels - 1.0498 (5-DMA), 1.05, 1.0521 (20-DMA), 1.0531 (100-DMA)
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Recommendation: Good to go short on break below 1.0415, SL: 1.05, TP: 1.04/ 1.0365/ 1.0315/ 1.03

FxWirePro's Hourly AUD Spot Index was at -87.5733 (Bearish), while Hourly NZD Spot Index was at 57.0891 (Neutral) at 0145 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex