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AUDNZD: Bearish Bat Wing Pattern Ready to Complete

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 23, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    The volatile AUDNZD pair has largely fallen within a consolidation pattern over the past few months as the currency reacts to the swings that world sentiment has provided. However, despite a rise to the top of the requisite channel, the pair is now facing some selling as a bearish bat wing pattern has just been completed. Subsequently, the question remains as to whether the pair is heading strongly south in the coming days. Taking a look at the daily chart for the AUDNZD shows a currency pair

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