Buying the Aussie dip

Good day,

The Aussie just had a nice dip of about 30 points. It has been trading in a range of about 100 points, so now is a good opportunity to pick it up. I like going long here with the stop outside the support of about 40-50 points lower. I am initially targeting about 90-100 points as that is where the 200 EMA comes in and gives me a risk:reward of around 1:2 which is not too bad. I will monitor is closely once it reaches there and will let it run if it does break as then its smooth sailing afterwards. Onwards and upwards.