AUDUSD recently broke through the resistance area lying between the resistance level 0.68500 (which reversed the price sharply at the start of December) and the 50% Fibonacci correction of the previous downward correction 2 from the start for November. Given the rising bullish sentiment affecting Australian dollar at the moment – AUDUSD is likely to rise toward the next resistance level 0.69200 (top of the impulse wave 1 from the start of November and the target for the completion of the active minor impulse wave (i)).
