GBPAUD currency pair recently reversed up from the powerful support zone set between the long-term support level 1.72600 (which has been reversing the price from the start of April) and the lower daily Bollinger Band. The upward reversal from this support zone stopped the previous minor impulse wave (i) from the start of July. Given the strength of the aforementioned support zone and the rising bullish sentiment affecting the sterling today, GBPAUD currency pair can then be expected to rise further toward the next resistance level 1.74450 (former low of wave (i) from the start of June).