Title
AUDUSD H4 | Falling to pullback support

Type
Bullish Bounce

Preference:
Price is falling towards the pivot point of 0.63998 which is a pullback support level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 0.64569 which is a swing-high resistance that aligns with a confluence of Fibonacci levels i.e. the 61.8% retracement and the 61.8% projection levels.

Alternative scenario:
If price breaks below the pivot point, it could hit the 1st support at 0.63644 which is a pullback support level.

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