AUDUSD H4 | Bearish reaction off pullback resistance?

TitleAUDUSD H4 | Bearish reaction off pullback resistance?TypeBearish ReversalPreference:Price has reacted off our pivot point at 0.6459, and could continue being bearish to reach the 1st support at 0.6387. The 1st resistance is at 0.6508, and it is a pullback resistance level. If price continues to reject the pivot point, then price could potentially fall to the intermediate support first, which is at the 61.8% fibo projection and 161.8% fibo extension.Alternative scenario:If price breaks above the pivot point, then price could rise to the 1st resistance at 0.6508.To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.