AUDUSD recently reversed up with the daily Japanese candlesticks reversal pattern Morning Star from the support zone lying between the key support level 0.66750 (former multi-month low from October) and the lower daily Bollinger Band. The upward reversal from this support zone started the active short-term corrective wave 4. Given the rising bullish sentiment affecting the Australian dollar – AUDUSD is likely to extend the gains toward the next resistance level 0.68000 (38.2% Fibonacci correction of the previous downward impulse wave from the start of January and the target for the completion of the active wave (iv)).