Thu, 21 Nov 2013 07:58:04 GMT
AUD/NZD 1H Chart: Ascending Triangle
In mid-November, the pair commenced a formation of an ascending triangle pattern that helped AUD/NZD to recover some of its previous losses. Although ascending triangle patterns often lead to a bullish breakout, AUD/NZD dived below the pattern's support several hours ago, meaning that a bearish breakout probably have occurred. If it is so, the pair is likely to test