AUDNZD is currently trending inside the bullish Motive Wave 3 of the applied Elliott Wave Theory. It was confirmed by the Corrective Wave 2's Fib Retracement level 0.5 around 1.04650 applied on the Motive Wave 1. Also the price has breached both MA 20 & 50 in a bullish trend and it shows a possibility of continuing the bullish trend up to 1.06500 until the Motive Wave 3 comes to an end. It's good to go long around 1.05400 and exit trades around 1.06300 a few pips before the projected end of the Motive Wave 3 and before the beginning of the Corrective Wave 4.