Aussie/ Kiwi Trading opportunity

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AUD / NZD is located in the bottom quarter of major Uptrend channel.
Distance from the channel, some 500 pips. The profit target, distance from the upper trend line is 1500 pips. If you decide to enter into this trade, you have an acceptable risk to reward ratio, 1 / 3.

However, if we make adjustments to this analysis, we get a more favorable risk to reward ratio. Something like 1 / 10.

Do not expect a further drop, to, majortrend line. (Full red line)
It seems that the market found support at the zone which consists of two trend lines of minor importance. (dashed Red and blue line),
The only problem is the down trend line that formed, the triangle pattern. On Chart It can be seen as a green line. Break Over this line can be used as additional confirmation, prior to entering into this trade.

To remind you, that New Zealand's central bank at this week's meeting, decided to leave key interest rates unchanged at 2.5 percent.

 

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