FX.co ★ AUDUSD ,H4 | Bounce off support level?

The AUD/USD chart shows a bullish momentum, suggesting the potential for upward movement.

There is a possibility of a bullish bounce off the 1st support level at 0.6637, which is an overlap support. This support level gains strength from the presence of the 61.80% Fibonacci Retracement and the 78.60% Fibonacci Projection, indicating Fibonacci confluence. Additionally, the 2nd support level at 0.6568 acts as a pullback support, further enhancing the support zone.

On the upside, the 1st resistance level at 0.6805 is an overlap resistance, while the 2nd resistance level at 0.6884 is a swing high resistance.