AUDUSD trading under the strong bearish pressure after the earlier breakout of the pivotal support level 0.66750 (former multi-month low from last October). The breakout of this support level accelerated the active impulse wave 5 – which belongs to the medium-term downward impulse sequence (C) from the end of December. Given the strengthening bearish Australian dollar sentiment seen across the markets today – AUDUSD is expected to fall further toward the next support level 0.65750. Strong resistance now stands at the resistance level 0.66750.