AudNzd- 1.03 is major resistance

After a drop to parity, AudNzd has corrected 300 pips and the rise was stopped when the pair encounter the major resistance at 1.03.
We have a nice pin bar in this zone that could signal the pair is ready to resume its downtrend.
A sell position close to 1.03 could have a great R:R of 1:3