GBPAUD testing major support, keep an eye out!

Price is now testing major support area at 1.7352 (38.2% Fibonacci retracement, 50% Fibonacci retracement, 61.8% Fibonacci retracement), horizontal pullback support) and a strong bounce could occur at this level to push price up to at least 1.7917 (Fibonacci extension, horizontal swing high resistance). Our next major level of support is at 1.7107 (Fibonacci retracement, horizontal swing low support).

Stochastic (34,5,3) is seeing nice support above 2.5% where a corresponding bounce could occur.

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