GBPAUD continues to fall after the pair broke below the pivotal support level 1.76000 (former support from last month which stopped the previous minor correction (b)).The breakout of the support level 1.76000 continues the active short-term impulse wave 3 – which belongs to the intermediate downward impulse sequence (3) from the end of October. Given the strength of the daily downtrend and the growing AUD bullishness seen across the currency markets today – GBPAUD is expected to fall further toward the next support level 1.74250 (low of the previous minor impulse wave 1 from last month).