AUDUSD currency pair recently reversed up from the support area located between the key support level 0.68300 (which started the earlier weekly impulse wave (5) in the middle of 2020), support level 0.6990 (which stopped the previous weekly waves A and C) and the lower weekly Bollinger Band. Given the strength of the aforementioned support area and the bullish Australian dollar sentiment seen across the currency markets today – AUDUSD currency pair can be expected to rise further toward the next resistance level 0.70800.
AUDUSD reversed from support level 0.68300; Likely to rise to resistance level 0.70800.
