Down Under smaller timeframe.

Good morning Dynamic Traders,

Due to the price action overnight, I am keeping an eye on the AUDNZD on the four hour timeframe.

At present it is being halted by the V.I. on this timescale and the lowest point was at a weaker figure area.
Because of this and other confluences which you should find including the low RSI as shown, I am putting this on my watchlist for a further move down in time, but am expecting a bounce up/retracement first.

I am not trading this at present but shall await further outcomes to see if I want to trade this northward on my lower timeframes with good management before taking a shorting stance later should this scenario arise.
The shorter term long, is riskier but could prove fruitful if managed well for lesser profits but for the more conservative trader wait to see if your confluences grow for the short trade later.

Charts courtesy of TradeStation.

Enjoy your trading.

Clayton Farnworth.