As you can see, AUDNZD Has shown Bearish momentum and currently price is in a small retracement as i would see it to a critical point of resistance that i have marked with the grey horizontal line. From this point, price may continue a potential bearish move to our take profit point that i have marked with the green horizontal line.
Green line- Take profit Grey line - Entry Red line - Stop loss Risk exposure - 1% Risk to reward - 1:2
If you don't follow me already, hit that follow button!