AUD/NZD is showing weakness at an area of supply that has rejected price twice before. However, we're not looking at support and resistance, so the longer an area of supply/demand is tested, the weaker it becomes. But it's interesting that price has already dropped 20+ pips today (on a low trading volume day - Monday's always are!).
Price has made a run up to the monthly R3 CAM pivot, which provided support earlier this morning and held price for a few hours. It'll be interesting to see if that support has turned into resistance. If it has, it'd be a good area to enter a short trade.
Profit targets are difficult to determine. But somewhere in the vicinity of a 60-70 pip drop would be reasonable for a first wave.
I'll update this as (and if) it develops.
Cheers and good luck,
RJR