AUDUSD recently reversed up from the support zone lying between the pivotal support level 0.76850 (which has been reversing the pair from the middle of April), lower Bollinger Band and the 61.8% Fibonacci correction of the minor impulse wave 1 from March. The upward reversal from the support level 0.76850 stopped the previous minor ABC correction 2. Given the clear daily uptrend and positive AUD sentiment, AUDUSD currency pair can be expected to rise further toward the next resistance level 0.78500 (which has been reversing the price from March).