AUDUSD H4 | Bearish momentum

TitleAUDUSD H4 | Bearish momentumTypeBearish ReversalPreference:Price has reversed from the pivot point of 0.67351 which is a pullback resistance that aligns close to the 61.8% Fibonacci retracement level; we could see momentum carry price down to its 1st support at 0.66198 which is an overlap support that aligns with the 61.8% Fibonacci projection level.Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance at 0.68118 which is a swing-high resistance.To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.