GBPAUD is approaching our first resistance at 1.8071 (horizontal swing high resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) where a strong reaction might occur below this level pushing price down to our major support at 1.7758 (horizontal overlap support, 38.2% Fibonacci retracement, 100% Fibonacci extension). Stochastic (34,5,3) is also approaching our resistance and we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.