AUDUSD currency pair recently reversed up from the support area lying between the key support level 0.76300 (former strong resistance level from the middle of December), lower daily Bollinger Band and the 50% Fibonacci correction level of the previous extended upward impulse from the middle of November. The upward reversal from this support area started the active impulse wave 3. Given the strong multi-month uptrend – AUDUSD currency pair can be expected to rise further toward the next resistance level 0.78350 (top of the previous minor correction (b) from the start of this month).