AUDNZD: Long Position Awaiting Confirmation

A long position could be at hand soon, as price completed a major bullish breakout above the rounding bottom formation by breaking the key resistance which turns to a support now among 1.0950-1.0900 area. The price is retreating back lower after testing the 50 percent retracement for the overall bearish wave, and heading towards that support, therefore, a long position is awaiting confirmation here, i will surely look to long the pair if I witness some kind of rejection over the four-hour interval, such as long pin bar or hammer candle.

I will be updating if my awaited setup materializes. follow at : twitter.com/thefxchannel
Best of luck