AUDNZD pair is creating bearish divergence

AUDNZD pair in daily time frame. This pair is creating bearish divergence with RSI. Interesting things to note that the pair is now residing at a resistance area between 1.08672 and 1.08386.

This is a strong area which is likely to hold the price below. Another favorable point is that the price is in the top band of the downward channel created in the weekly timeframe which again adds the odds in favor of shorting opportunity.

So let's see how the week starts.