AUDUSD H4 | Bullish reversal off 38.2% Fibo

TitleAUDUSD H4 | Bullish reversal off 38.2% FiboTypeBullish BouncePreference:Price is falling towards the pivot point of 0.64553 which is a pullback support that aligns close to the 38.2% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 0.65226 which is a multi-swing-high resistance level.Alternative scenario:If price breaks below the pivot point, it could hit the 1st support at 0.64154 which is an overlap support that aligns with the 61.8% Fibonacci retracement 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.