AUDNZD again reached lower band of consolidation which is set by support area near 1.0420. Despite lows being set on similar levels, high are lower and lower what points out that there is triangle pattern.

It can both work as pattern of continuation and reversal. If the previous move should be continued, we need break below and further decreases of about 170 pips.

It would mean that price will reach support area which is located near 1.0220 level and it worked well as both support and resistance.

In case of another rebound from 1.0420 support we can count on going back to upper band of triangle pattern.

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0107-AUDNZD

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