AUDUSD is approaching our first support at 0.7428 (horizontal swing low support, 61.8% Fibonacci extension). A strong bounce might occur above this level pushing price up to our major resistance at 0.7483 (horizontal pullback resistance, 100% Fibonacci extension, 23.6% Fibonacci retracement). Stochastic (89,5,3) is also approaching support where we might see a rise in price should it bounce off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.