Title
AUDUSD H4 | Potential bounce off support level

Type
Bullish Bounce

Preference:

Price is falling to  to our pivot point of 0.66357 which is an overlap support level that aligns with 61.8% Fibo retracement and 78.6% Fibo Projection. A bounce off from here, price could rally to 1st resistance at 0.67063

Alternative scenario:
However, if price breaks below the pivot, it could fall to 1st support at 0.65794 which is an overlap support level.

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