AUDUSD D1 |  Falling to pullback support

TitleAUDUSD D1 |  Falling to pullback supportTypeBullish BouncePreference:Price could fall towards the pivot point of 0.62919 which is a pullback support level and potentially reverse from here; we could see momentum carry price up to its 1st resistance at 0.64337 which is a pullback resistance that aligns with the 23.6% Fibonacci retracement level.Alternative scenario:If price breaks below the pivot point, it could hit the 1st support at 0.61974 which is a major 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.