Double Fib Levels Strong Support for AUDUSD

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.