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AUDUSD currency pair under the bullish pressure after the pair broke pivotal resistance level 0.74500 (former top of wave (i) from the start of March). The breakout of the resistance level accelerated the active impulse waves C and (iii) of wave (2) from the end of January.
Given the strongly bullish Australian dollar sentiment – AUDUSD currency pair can be expected to rise further toward the next resistance level 0.75500 (target for the completion of the active impulse wave C ).
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