After an impulsive bullish move on 19th October, price has been developing correctively, and has hit the minimum target for a decent retracement between 50% and 61.8%.
As long as price remains above the structural trend line, we remain bullish on AUDNZD and can potentially target 1.1332 area.
We are having the RBA and RBNZ Rate Statement this week which might provide us the catalyst to move price.
Disclaimer - make sure you have a proper trading plan before taking any trades.