AUDNZD H8Australian Dollar vs. New Zealand DollarFX:AUDNZDWinlouh Current Price: 1.22200 Market Structure Strong V-shape recovery from lows (~1.1950) back to 0.786 fib (~1.2220) Price now tapping red supply zone (1.2220–1.2296) — key resistance Ascending trendline from lows supporting the rally — but supply zone overhead Blue demand zone massive range below: 1.1893–1.2200 Projected Scenario 🔴 Bearish — main bias: Rejection from 0.786 fib + red supply zone Pullback through blue demand zone Target -0.272 ext. (~1.1893) 🟢 Alternative — Bullish breakout: Break and close above 1.2296 Continuation rally above supply Target 1.2340+ Bias Summary Short-term: 🔴 Bearish — 0.786 rejection, targeting 1.1893 Bull trigger: Break above 1.2296 flips bias bullish Invalidation: Daily close above 1.2300