As AUDNZD has been moving sideways since mid 2014, I expect this pattern to continue with this recent breakout on the daily chart. This could continue until it hits the upper trend line in time which leads into a historical channel.
We have 4H confirmation of this trend, awaiting the daily candle to close above 1.0468.
Entry: 1.047
SL: 1.044 (varies depending on your risk profile)
TP1: 1.055
TP2: 1.063