Pretty clear chart here on the hourly. Impulse, sideways corrective pattern, and now chance for another impulse. There are lots of potentially AUD positive events on the near horizon, most notably RBA tomorrow (2nd April Australian time) and Australian budget. There are other indicators to suggest it's at a bit of a tipping point (50 SMA for example), but I think it looks ready for a pop, though I won't go into it until it can prove a break of the pattern. This might mean waiting for the impulse break and then buying the corrective pullback.
Note: I have been short NZDUSD but am looking to use this strategy to go long this pair. I am still bearish the NZD, but think AUD has some upside potential
Note: I have been short NZDUSD but am looking to use this strategy to go long this pair. I am still bearish the NZD, but think AUD has some upside potential