AUDCHF pin bar

Price appears to be ranging on this daily and weekly time frames. You can see obvious support and resistance areas. price has recently tested an area of resistance and was rejected with the formation of a pin bar. The bearish pin bar indicates that sellers have taken control of price over the past 24 hours. I am biased towards a downward movement. Entry could be placed below the low of the pin bar and target at next level of support. Reward is 2:1.