AUDUSD recently reversed up sharply from the powerful support area lying between the round support levels 0.55000 and 0.60000 (this level stopped the sharp weekly downtrend at the start of 2018) – strengthened by the lower weekly Bollinger Band. Given the strength of the aforementioned support area and the clear bullish divergence on the monthly Stochastic indicator  -the pair is likely to extend the gains toward the next resistance level 0.65000 (former monthly low from February).