AUDUSD H4 | Bearish Reversal
Title
AUDUSD H4 | Bearish Reversal
Type
Bearish Reversal
Preference:
price is rising toward of the pivot of 0.6845, a pullback resistance close to the 127.20% Fibonacci Extension.A reverse from this level could lead the price to fall to 1st support at 0.6797, an overlap support.
Alternative Scenario:
If price breaks above the pivot, it could rise to 1st resistance at 0.6879, that line with the 127.20% Fibonacci Extension.