EURAUD is approaching our first resistance at 1.6358 (horizontal swing high resistance, 50% Fibonacci retracement) where a strong drop might occur pushing price down to our major support at 1.5960 (50% fibonacci retracement, 61.8% fibonacci extension). Stochastic (89,5,3) is also approaching resistance where 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.