GBPAUD testing support, potential bounce!

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GBPAUD is testing our first support at 1.8171 (horizontal swing low support, 100% Fibonacci extension, 38.2% Fibonacci retracement). A strong bounce might occur above this level, pushing price up to our major resistance at 1.8287 (horizontal swing high resistance, 100% Fibonacci extension, 38.2% Fibonacci retracement).
Stochastic (89,5,3) is also approaching our major support and a bounce off this level might be a good precursor for a potential rise in price.
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Penafian

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