AUDUSD currency pair was under the bullish pressure after the price reversed up with the daily Piercing Line from the support zone lying between the key support level 0.37500 (former resistance from March), lower daily Bollinger Band and the 61.8% Fibonacci correction of the
upward impulse from the middle of March. The upward reversal from this support zone started the active correction (2). Given the strongly bullish Australian dollar sentiment that can be seen on the FX markets today – AUDUSD currency pair can be expected to rise further toward the next resistance level 0.74650.