GBPAUD testing resistance, potential drop!

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GBPAUD is testing our first resistance at 1.8208 (horizontal swing high resistance, 50%, 76.4% Fibonacci retracement). A strong reaction might occur below this level, pushing price down to our major support at 1.7933 (horizontal swing low support).
RSI is also approaching our major resistance where a reaction off that level might be a good precursor for a potential drop in price.
Losses can exceed the initial investment so please ensure you fully understand the risks Trading CFDs on margin carries high risk.

Feragatname

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