Very simply, Fibonacci are mathematical ratios that price pulls back to before resuming the trend. The four major Fibonacci retracement levels are: 0.236, 0.500, 0.618, and 0.786.

AUDUSD has risen 644 pips since hitting the low of 0.8659 on January 24th 2014 The Reserve Bank of Australia (RBA) left its benchmark interest rate unchanged at a record low of 2.5% A double top ...