AUDUSD recently reversed down from the resistance area lying between the key resistance level 0.69250 (top of the previous impulse wave 1), upper daily Bollinger Band and the 61.8% Fibonacci correction of the previous sharp downward impulse wave from July. Given the strengthening bearish Australian dollar sentiment seen across the markets today – AUDUSD is likely to remain under the bearish pressure and extend the losses toward the next support level 0.68500 (former resistance from the start of December).