AUDUSD currency pair recently reversed up from the key support level 0.68600 (which stopped the previous sharp downward impulse wave (1) in the middle of May), intersecting with the lower daily Bollinger Band. The upward reversal from this support stopped the previous downward impulse wave (3) . Given the strength of the support level 0.68600 and the strongly bullish AUD sentiment seen across the FX markets today, AUDUSD currency pair can be expected to rise further toward the next resistance level 0.69500.
