AUD/NZD (Daily Chart) - Chance to Short?

After breaking down from a multi-month range, this pair has pulled back to test the breakout point.

This could be a good opportunity to take a low-risk short trade, as the next support level is still quite far away, and the price action looks weak overall.

If you are more cautious, you can wait to see if price pulls back further to touch the downtrend line before shorting.