AUDUSD currency pair recently reversed up from the support area set between the pivotal support level 0.76750 (which has been steadily reversing the price from the start of January), lower daily Bollinger Band and the 38.2% Fibonacci correction of the previous sharp upward impulse from the middle of December. The upward reversal from this support area continues the active impulse wave (i). Given the prevailing uptrend and the rising bullish Australian dollar sentiment seen across the FX markets today AUDUSD currency pair can be expected to rise further toward the next resistance level 0.77800