SELL AUDNZD – 1.17494

Technically the pair has created a clear gap that aligns with a well‑defined bearish order block on the 4‑hour timeframe; the H4 bias is 73% bearish and the multi‑timeframe view is also down, reinforced by a divergence in OBV suggesting sellers are in control despite high volume. The stop loss is placed at a structural high, giving a tight risk‑reward. Fundamentally, the RBA’s recent comments on a still‑tight labour market keep the AUD under pressure for further tightening, yet the stronger US labour market and resulting dollar rally create a risk‑off environment that typically weakens the AUD relative to the NZD. This confluence of technical weakness and adverse macro sentiment justifies a sell entry at 1.17494 with targets at 1.17422, 1.17338 and 1.17194.