The AUD/NZD is showing signs of a possible retracement towards the POC zone. We might see a move up before the next drop.
The AUD/NZD might be targeting 1.0375-90 zone. The zone might reject the pair again towards the trend line. If 1.0320 breaks below the trend line and the price makes a close below it, we should see a continuation move down. Targets are 1.0295 with 1.0263 possible next week. Have in mind that the AUD/NZD is slower market – only 36 pips of ATR(5) so patience is needed for the move to develop.
Many green pips,
Nenad Kerkez aka Tarantula FX