AUDUSD H4 | Bullish bounce off 50% fibo?

TitleAUDUSD H4 | Bullish bounce off 50% fibo?TypeBullish BouncePreference:Price could fall to our pivot point at 0.6522, which is a major pullback support level, aligning with the 23.6% and 50% fibo retracement. If price bounces off the pivot point, then price could rise towards the 1st resistance at 0.6588, which is a swing high resistance level.Alternative scenario:If price breaks below the pivot point, then price could fall to the 1st support at 0.6452, which is a swing low support level.To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.