GBP/AUD is approaching its support at 1.7274 (61.8% Fibonacci extension 50% & 38.2% Fibonacci retracement, horizontal swing low support) where it could potentially bounce up to its resistance at 1.7571 (38.2% Fibonacci retracement, horizontal pullback resistance).
Stochastic (89, 5, 3) is approaching its support at 1.712% where a corresponding bounce could occur.
GBP/AUD is approaching its support where we expect to see it bounce.
Buy above 1.7274. Stop loss at 1.7087. Take profit at 1.7571.
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