GBPAUD continues to rise inside the short-term corrective wave (ii) which started earlier from the powerful support level 1.74300 (former monthly low from December) – intersecting with the lower daily Bollinger Band. The upward reversal from the support level 1.74300 stopped the previous minor impulse wave (iii). Given the strength of the support level 1.74300 and the rising bullish Sterling sentiment seen across the FX markets today – GBPAUD is expected to rise further toward the next resistance level 1.78000 (target price for the completion of the active manor correction (ii)).