Analysis of the Australian franc and expected scenarios

The pair is trading near pivot levels at a strong resistance band on the daily frame and based on it, one of the following scenarios is expected . The first scenario is a rebound from the resistance package and closing below it with a candle confirming the retracement on the daily frame, and therefore we expect a decline to the levels of 0.5750 . The second scenario is to break through the resistance and close above it with a candle confirming the breakout on the same frame, so we expect difficulties near the levels of 0.6035, and then by breaking through, we expect a further rise to the levels of 0.6170 .