The AUDNZD is developing a bearish bat pattern.

The AUDNZD should come into key resistance at the 1.0800 level which is a confluence of the 78% Fibonacci retracement of the 2021 high to 2021 low. Also the 161% extension of the Oct 2021 high to Nov 2021 low. A bearish “Bat” harmonic pattern would develop and this could be a good level for a possible counter trend short looking for a move back to the 1.0650 level initially.

Blake Morrow