AUDUSD recently broke above the key resistance area located between the resistance level 0.77650 (which reversed the price multiple times in Januarys) and the resistance level 0.78000 (top of the previous wave s(1) and B). The breakout of this resistance area accelerated the active short-term impulse wave 3 from the middle of February. Give the strongly bullish AUD sentiment seen across the currency markets today – AUDUSD is likely to rise further toward the next resistance level 0.79500 (target price for the completion of the active impulse wave (c)). Strong support now stands at the support level 0.78000.