CONTINUATION OF TREND ON AUDNZD

Starting from the daily timeframe AUDNZD made an impulse to the upside last week and before the correction created a double top which signals a good selling opportunity yet price failed to go past the support at 1.07000 which is also in confluence with 61.8% (golden ratio of the fib). Yesterday's daily candle was able to close above the neckline of the double top with a great momentum thereby giving a very good opportunity for a buy, therefore we can scale down to the smaller timeframes to enter with a good RR with TP at 1.08130.