AUD/NZD DAILY
The rate is currently testing a four-month-old falling trendline resistance and while we are trading below it the short positions are preferred.
A shorter timeframe may provide with a better entry though.
AUD/NZD H4
The 4H chart shows a quite defined rising wedge pattern indicating the next move towards the larger range lows around 1.0600.
It may be a good idea to enter a smaller short position now and scaling in on a break of the wedge below 1.0750.