GBPAUD is approaching our first support at 1.8178 (horizontal swing low support, 38.2% Fibonacci retracement, 100% Fibonacci extension) and a strong bounce might occur above this level, pushing price up to our major resistance at 1.8465 (horizontal swing high resistance, 100% Fibonacci extension). Stochastic (89,5,3) is also approaching our support and a bounce off this level might be a good precursor for a potential rise in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.