FX.co ★ AUDUSD H4 | Bouncing off support?

The AUD/USD chart has bullish momentum, with a significant 1st support at 0.6289 backed by multi-swing low support and the 127.20% Fibonacci Extension. The 2nd support at 0.6291 also reinforces the support level.

On the resistance side, the 1st resistance at 0.6335 may limit upward movements, and the 2nd resistance at 0.6396 aligns with the 50% Fibonacci Retracement, indicating potential price reversals.