AUDNZD has trended downwards for this year, but as we fall a very major bullish divergence is occurring, even though it broke down on friday, I'd still be looking at buying down here for a move higher. This divergence has the potential to move us towards 1.2 on the cross, but due to weakening yield differentials it may not have as much bullish potential as that.
As we can see from this the AUDNZD has been depressed and is over due a move higher, which will come as volatility decreases.
on H4, there is a downward channel which should act as support for now and should allow us to move higher.
For these reasons I expect the AUDNZD to move to 1.1850 by the end of the Summer.