AUDNZD Bearish ContinuationAustralian Dollar/New Zealand DollarFX:AUDNZDClearTradingMindAUDNZD is showing weakness on the 1-hour chart after failing to hold the recent recovery area near 1.2160–1.2170. Price has now moved back below the 0.382 Fibonacci level, which suggests that sellers may continue to control the short-term direction. My next downside area to watch is around 1.2054. If the bearish momentum continues and this level breaks clearly, I expect price to move towards the 1.2020 zone.