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WhiskeyTangoFoxtrot3

Double Fib Levels Strong Support for AUDUSD

Australian Dollar / U.S. Dollar (FX:AUDUSD)  
WhiskeyTangoFoxtrot3  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Beyond Technical Analysis Technical Indicators AUDUSD aussie aussiedollar Gold DXY S&P 500 (SPX500) Bitcoin (Cryptocurrency) EURUSD GBPUSD
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trendanalysis beyondta indicator audusd aussie aussiedollar gold dxy spx500 bitcoin eurusd gbpusd
Two Fibonacci retracement levels come quite close to one another. The area around these double Fib levels have also acted as strong support dating all the way back into later 2018. Moreover, if price action retreats then we should probably see this same level act as support as it has been tested and retested several times. However, if price action moves to the upside, we could see that downward sloping short-term resistance to potentially hold.
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