FX.co ★ AUDUSD, H4 | Bounce off from 2nd support?

The AUD/USD chart is currently exhibiting a bearish overall momentum and the price has broken through the 1st support level.

If the price were to break above the 1st resistance level, the next potential resistance level is at 0.6873. This level is also an overlap resistance and coincides with the 50% Fibonacci retracement, making it a strong level for potential resistance.

On the other hand, the next potential support level is at 0.6623, which is a multi-swing low support and may provide additional support for the price if it were to drop further.