GBPAUD is approaching our first resistance at 1.7633 (horizontal swing high resistance, 50% Fibonacci retracement, 61.8% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 1.7293 (horizontal swing low support, 61.8% Fibonacci extension).
Stochastic (89,5,3) is also approaching resistance and a reaction below this level might see a corresponding drop in price.
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Losses can exceed the initial investment so please ensure you fully understand the risks.
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