very simple set up here. the AUDUSD has held the resistance level twice already and we have just hit the resistance level again after a very big bullish move. logic would state that the buyers will probably be taken out of the market now and the sellers would gain control for reasons: 1) the big drop and big rise were fundamental and now price will return to its channel from previous few weeks, 2) the price will drop now because the bullish movement has been exhausted (three candlestick rejection on the daily chart at this level) - lets see how it moves out, we need to wait for a) potential retest b) further candlestick evidence and c) price to go below the ema on 4hr chart. 330 pips pending...