AUDUSD H4 | Falling to 127.2% Fibo support

TitleAUDUSD H4 | Falling to 127.2% Fibo supportTypeBullish BouncePreference:Price is falling towards the pivot point of 0.64005 which is an overlap support that aligns clsoe to the 127.2% Fibonacci extension level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 0.6473 which is a pullback resistance level..Alternative scenario:If price breaks below the pivot point, it could hit the 1st support at 0.63652 which is a pullback support that aligns close to the 161.8% Fibonacci extension 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.