FX.co ★ AUDUSD H4 | React off 1sy support?

The AUD/USD chart demonstrates bullish momentum, indicating the potential for continued upward movement. There is a possibility of a bullish continuation towards the first resistance level at 0.6707. Supporting this upward bias, there are two levels of support. The first support at 0.6635 acts as an overlap support, providing a potential price floor during pullbacks. The second support at 0.6582 serves as a swing low support, reinforcing the overall bullish sentiment. On the resistance side, the first resistance at 0.6707 represents a multi-swing high resistance. Additionally, the second resistance at 0.6750, coinciding with a 61.80% Fibonacci retracement, presents a stronger barrier for the price's upward movement.