AUDUSD recently reversed up from the support area lying between the key support level 0.6760 (which stopped the earlier wave A in the middle of November), lower daily Bollinger Band and the 61,8% Fibonacci correction of the previous upward impulse wave (1) from the start of October. Given the moderate bullish sentiment affecting the Australian dollar right now – AUDUSD is likely to remain under the bullish pressure and to rise toward the next resistance level 0.6890 (former monthly high from September).
