I have been developing an indicator which identify key supports and resistance using "Swing indicator" as the main sub-indicator.
Here is what I think for AUDNZD:
On hourly TimeFrame, this pair has made a formation which is more likely to be broken to the downside. Watch that false breakout and if you look at Daily it is below 14 and 21 and made .
I will get into this trade once the current level (rising of the formation) is broken,
Also, currently I am short NZDCHF since yesterday London Open...
AUD is bearish on 6 majors out of 8 main ones on D1 chart. Probably most bearish on AUD/JPY, but AUD/NZD is a safe choice with about 150 pip potential. And your idea about convergent triangle corrective pattern on AUD/NZD is plausible as it has the shape and moves needed.
Would be keen to see tests on the indicator you have been working on.
I am short NZDJPY too but looking at longer TF AUDCHF and NZDCHF look really bearish with no major support in near term.
Yep I am testing it both on manual trading and strategy.
Have a great day mate,