FX:AUDNZD   Australian Dollar / New Zealand Dollar
Following from an aggressive impulsive leg, price has rejected a major liquidity demand zone for this pair. Notice how the weekly candle has also closed above the bullish weekly 78.6% Fibonacci ratio. Looking at the overall structure here we have a third touch rejection of this overall ascending pattern. As we have had multiple weeks of indecision within this high value area I do anticipate some form of relief with a deep retracement from this level. At present AUD strength is looking probable which should encourage this pair to start pushing higher.

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Comments

I have it on watchlist as well with this analysis
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