AUDUSD continues to rise after the price broke above the resistance level 0.76400 (which stopped the previous sharp upward impulse wave (i) in the middle of December as can be seen from the daily AUDUSD chart below). The breakout of the resistance level 0.76400 is aligned with the active minor impulse wave 5 – which belongs to the medium-term upward impulse sequence (3) from November. Given the clear daily uptrend and the continued dollar bullishness sentiment seen across the FX markets today – AUDUSD is expected to rise further toward the next resistance level 0.77500 (target price for the completion of the active impulse wave 5)