AUD/NZD Kumo Breakout+Retest on the 4 Hourly

The AUD/NZD has broken out of the kumo to the donwside, it has since retested the kumo, with the teknan-sen acting as resistance. This coupled with a thick bearish kumo cloud future, and RSI 40 level looking like resistance for momentum purposes, we're interested in shorting the pair at around the 1.1100 handle, aiming for an extended move downwards, we'd be looking to exit the trade on a kijun break to the upside.