AUDUSD is approaching our first support at 0.7057 (horizontal swing low support, 61.8%, 100% fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 0.7143 (horizontal overlap resistance, 61.8% fibonacci retracement). Stochastic (34,5,3) is also approaching support where we might see a corresponding bounce in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.