Nice idea on AUDNZD and there may be bearish bias as you have you have identified. For our set up, we have identified the key resistance and support levels for the short term. The first resistance that we have identified is at 1.0587 (61.8% Fibonacci extension, Horizontal overlap resistance), which is around your sell entry level. Stochastic is approaching its resistance at 94% where a corresponding reversal could occur. If a reversal does occur, we may look at the 1.0520 support level (50% Fibonacci retracement , horizontal swing low support).
Please have a look at our idea and share with us what you think.
Please have a look at our idea and share with us what you think.