AUDUSD H4 | Bearish Drop
Title
AUDUSD H4 | Bearish Drop
Type
Bearish Drop
Preference:
price has just reacted off the pivot of 0.6749, an overlap resistancet. A fall from this level could lead the price to drop to 1st support at 0.6640, an overlap support close to the 50% Fibonacci retracement.
Alternative Scenario:
If price breaks above the pivot, it could rise to 1st resistance at 0.6819, a pullback resistance