The AUDNZD has broken out of the bullish ABC zigzag corrective chart pattern within a larger downtrend. . The pullback which retested the broken descending trend line, 38.2 Fib and resistance level is most likely part of Minor Wave 4 "blue," which could indicate a continuation of the downtrend. . The first target is support level @ 1.0378 and main target is Fibonacci Extension 0.618 @ 1.0244.