Hello traders. On this 1H analysis of AUDNZD, we have the potential of an Inverse Head & Shoulder (I-H&S) pattern forming at the bottom of a downtrend. The Left Shoulder (LS), Head (H) and the Right Shoulder (RS) have already been formed and we are now awaiting a break of the Ascending Neckline (ANL) shown by the yellow dotted line. A good entry reason for this long position would be a break and close above this neckline. The projected level for this setup is in the 1.04100 region.