AUDNZD Channel Trade

AUDNZD H1

Pair AUDNZD has been confined in descending channel since 13-Nov. 

Since then it has broken the channel upside once but only to come back inside the channel. 200EMA & 100EMA comes around middle of the channel. 



On H4 charts, price has just broken 200EMA on downside. 

I plan to go long on any touch of lower trendline for a possible move towards middle of the channel. My stop will be on break & daily close below lower trendline.