Audjpy

 

On the Daily chart by having the butterfly harmonic pattern formed, a reversal is being observed. We are expecting to see a drop by the price in the currency pair if the conversion area is broken below later.  

Aud cad

On the daily TF by having the price reached to the channel high extreme and having 2 harmonic patterns Ab=cd & butterfly formed with the time fulfilled and negative divergence as well, we are observing a reversal. The expectation is raised for a drop if the supply pressure exists within the market while having the bullish trend line broken concurrent with the conversion area as well.