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JoeLopezFX

AUDUSD forming a butterfly pattern...

Long
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
JoeLopezFX Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Harmonic Patterns
5
0
trendanalysis harmonicpatterns
AUDUSD forming a butterfly pattern on the 4H time frame. Should reach 0.6800 by midweek and break through Resistance. This coming week is NFP week. AUD has several RED folder events as well. These events might change the direction of the market. Always trade with caution and use proper risk money management. Happy Trading!
Comment:
RBA news had a negative impact on AUD. Might retrace back 0.6740 but could go all the way down to Resistance around 0.6690 and bounce back.
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