AUDUSD currency pair recently reversed down from the resistance zone located between the pivotal resistance level 0.74500 (former support from the start of July) , upper daily Bollinger Band and the 50% Fibonacci correction of the extended downward impulse from June. The downward reversal from this resistance zone stopped the previous medium-term upward impulse wave (A). Given the rising USD bullishness seen across the FX markets today, AUDUSD currency pair can be expected to fall further toward the next support level 0.73500.
