AUD/NZD Long Setup off Key Fibonacci ConfluenceAUD/NZDOANDA:AUDNZDNato_FinancialsTrade Idea: AUD/NZD Long Setup off Key Fibonacci Confluence Direction: Long (Buy) Timeframe: 1-Hour (1H) Risk-to-Reward Ratio (RR): 4.18 Technical Analysis & Market Context Fibonacci Retracement: Following a sharp bearish drop from the recent high of 1.22869, price bottomed out at 1.20660 (the 0.0 Fibonacci level). The market has formed a solid base at this swing low and is showing early signs of a bullish reversal. RSI Divergence/Oversold: The bottom indicator shows price printing a lower low while the momentum indicator shifts out of the oversold region, flashing a classic bullish divergence/exhaustion pattern. The Setup: Price has broken back above the 0.236 Fibonacci level (1.21174) and is successfully retesting it as support. This confirms a shift in short-term market structure to the upside. Execution Levels Entry Price: 1.21310 (Current market retest zone, with Ask at 1.21133 / Bid at 1.21104). Stop Loss (SL): 1.21049 (Risking 0.215%). This invalidation level is tucked safely below the recent minor structural consolidation and the 0.236 Fib line. Take Profit (TP): 1.22400 (Targeting a 0.899% gain). This major target sits just above the 0.786 Fibonacci retracement level (1.22392), aiming to capture the bulk of the corrective impulse move back up toward the recent highs.