I think it's going to break and retest here

if it does, this will create a great opportunity for a long.

I am expecting this because it just bounced off of a very strong daily trendline, but I need more confluence before entering.
Australian pair has shown to respect trendlines very well, so here it is on the 4h :


this thing could also reverse at any time because of the massive bull run it has had in the past 4-5 months!... and is now slowing down actually, so I would say this pair is in consolidation mode long term. :)