AUD/NZD has been trading in 2 periods of consolidation in 2014. In the first half of the year, it ranged roughly between 1.0530 and 1.0905. After a surge in July and August, it has settled in another range roughly between 1.0950 and 1.13. As we wrap up the 11/18 session, AUD/NZD is testing the latest multi-month range support, and so far is finding buyers. (AUD/NZD Daily Chart 11/18) If we do have support here above 1.09, the integrity of the range in the second half of the year will hold, and we can anticipate a rally towards 1.11, the middle of the range, if not the top of it at 1.13.The 4H chart shows a market that has been bearish in November, but the technical signs going back shows a sideways market. So, after a dip in a sideways market, we can expect some buyers especially when the dip comes up against key support. If we also see a bullish divergence develop or if price starts to consolidate within the next session or two, we can also anticipate a bullish attempt. There doesn't seem to be any major shifts regarding monetary policy between the RBA and the RBNZ, so we should be able to expect at least some bullish attempt, and the 1.11 is a viable target. (AUD/NZD 4H Chart 11/18; click to enlarge)