AUDNZD has shown excellent price action on the 4hr chart as it formed a high test doji at the 1.07700 resistance level, while also re-testing the 50/60 ema and the 0.382 Fibonacci retracement level.

1hr chart Stochastic RSI shows major divergence. As well as the RSI is in oversold territory on the 4hr.

Negative confluence factors:

Shorting while having to break the 1hr 50/60 ema.

Classic Last kiss method BTW
audAUDNZDdollarNZDshort

Penafian