AUDUSD - Possible Butterfly Pattern

It appears that a CD leg of a Bearish Butterfly Pattern (yellow) is in progress. Possible rally up to 0.8820 can than be assumed (a 200% projection of AB and 127.2 % projection of XA). This target is also in a proximity of a 78.6 retracement of 29 October High..0 8770 level could pose as a resistance to this rally as it is a 161.8 projection of AB. A break of this level could mean that rally to 0.8820 is underway.

Some might have spoted this uptrend earlier and jumped on it/ Others could have a chance to jump on board of what could be a final upswing.