Title
AUDUSD H4 | Approaching 61.8% Fibo resistance

Type
Bearish Reversal

Preference:
Price is rising towards the pivot point of 0.64682 which is an overlap resistance that aligns with the 61.8% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 0.63574 which is a pullback support level.

Alternative scenario:
If price breaks above the pivot point, it could hit the 1st resistance at 0.65219 which is a multiple swing-high resistance.

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