AUDNZD is overall bearish trading inside the brown trendlines
Moreover, the zone 1.1 - 1.11 is a strong support turned into a resistance.
So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper brown trendline. (acting as non-horizontal resistance)
As per my trading style:
As AUDNZD approaches the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
Always follow your trading plan regarding entry, risk management, and trade management.
All Strategies Are Good; If Managed Properly!