SELL AUDNZD – 1.17142

The trade is anchored on a clear supply‑zone (order block) on the H4 chart where price formed an equal high‑low sweep, indicating strong seller aggression. Multi‑timeframe analysis shows bearish bias across lower and higher frames, and the market is in a high‑volume environment, reinforcing the validity of the breakout. The stop is placed at the recent structural high, providing a clean risk‑reward profile with three profit targets. On the fundamental side, Japan’s disappointing GDP data has weakened the yen, but the broader risk sentiment is uncertain ahead of RBA and Fed minutes, which tend to pressure risk‑on currencies like the AUD and NZD. This combination of technical supply‑zone strength and a modestly bearish macro backdrop justifies a short position on AUDNZD.