We have been stalking the AUD/NZD since a bullish breakout to start the year. The 4H chart below shows the bullish breakout, and an eventual pullback.AUDNZD 4H Chart 1/17(click to enlarge)Buy on a Dip:- We looked at the buy on a dip strategy last week: AUD/NZD - Playing the Bullish Breakout- The scenario is approaching trigger point.- Targets can be 1.0550, 1.0650, and 1.0750. - We can put stops around 1.0410.AUDNZD Daily Chart 1/17(click to enlarge)Bearish-Neutral:- The bullish outlook in the medium-term is capped at 1.0750 because the longer term mode of AUD/NZD is bearish-neutral.- It is a bearish market that has turned more sideways, but has not shown a bullish market yet. - A break above 1.08 would be a sign of a bullish market, but before that, we should respect the confluence of resistance in the 1.07-1.08 area.