either set up is valid currently.

FX:AUDNZD   Australian Dollar / New Zealand Dollar
Both set ups are currently on the table and valid either way you look at it. still in the down trend but for me the reversal isnt quite yet confirmed even though we have had buying pressure from a support / resistance zone. If we reach this level with the yellow box we could see this area tested a few times before the market falling lower to yet another support\ resistance zone . Nothing confirmed as of yet for me just yet so we will wait and watch on this one.