GBPAUD is approaching our first resistance at 1.8098 (horizontal swing high resistance, 61.8% Fibonacci retracement, 100% Fibonacci extension) and a strong reaction might occur below this level, pushing price down to our major support at 1.7739 (horizontal overlap support, 50% Fibonacci retracement). Stochastic (55,5,3) is also approaching our major resistance and a reaction below this level 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.