FxWirePro: Possible "Bullish Butterfly" on AUD/NZD, short break below 1.0530

• We see a possible "Bullish Butterfly" pattern on AUD/NZD daily charts.
   
• The pair is currently holding major support by 100-DMA at 1.0532, weakness on break below.
   
• AUD/NZD finds major resistance at 1.06, bearish invalidation on break above.
   
• Support levels - 1.0532 (converged 20 & 100-DMA), 1.05, 1.0472 (Sept 30 low), 1.0415 (trendline)
   
• Resistance levels - 1.0578 (session high), 1.06 (falling trendline), 1.0612 (Nov 25 high)
   

Recommendation: Good to go short on break below 1.0530, SL: 1.06, TP: 1.05/ 1.0475/ 1.0415
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FxWirePro's Hourly AUD Spot Index was at 95.3976 (Bullish), while Hourly NZD Spot Index was at 70.0082 (Slightly bullish) at 06350 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex