Title

AUDUSD  H4 I Bearish Reversal

Type

Bearish Reversal 

Preference:

The price is moving up towards the pivot level of 0.6779, which acts as a pullback resistance.  A reversal at this level could cause the price to drop to the 1st  support at 0.6715, a multi-swing low support level.

Alternative Scenario:

 If the price breaks above the pivot, it may rise to the 1st resistance level at 0.682, a pullback resistance level. 

Additionally. When the price remains below the Ichimoku cloud, it's typically seen as a strong bearish signal, indicating downward momentum