AUD/USD - DAILY FIBONACCI AND H4 DOUBLE BOTTOM
Here we can see a H4 double bottom which is in line with the current Fib.
I think we will see a reversal at 0.7800 which is in line with the Double Bottom neckline and the 38.2% Fib level.
On a reversal we could short to T1 - 0.7500 (Monthly Key Level) or T2 - 0.7380 (Double Bottom Range).
However a break of 0.7800 I think we might go up to the 78.6% Fibonacci level.
I think we will see a reversal at 0.7800 which is in line with the Double Bottom neckline and the 38.2% Fib level.
On a reversal we could short to T1 - 0.7500 (Monthly Key Level) or T2 - 0.7380 (Double Bottom Range).
However a break of 0.7800 I think we might go up to the 78.6% Fibonacci level.