GBPAUD approaching support, potential bounce!

GBPAUD is approaching our first support at 1.7706 (horizontal overlap support, 50% Fibonacci retracement, 100% Fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 1.8242 (horizontal swing high resistance, 100% Fibonacci extension, 76.4% Fibonacci retracement). A breakout above our intermediate resistance at 1.7976 (horizontal swing high resistance, 50% Fibonacci retracement) might provide the bullish acceleration to our major resistance target.
Stochastic (34,5,3) is also bouncing off support and we might see a corresponding rise in price.
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